Finance Minister Nirmala Sitharaman’s Budget 2024 modified income tax slabs, favouring the new tax regime. The old regime, ...

Salaried employees opting for the old tax regime for FY 2024-25 must submit investment proofs to claim exemptions and ...

Meanwhile, resident individuals are also entitled to a rebate of up to 100 per cent of income tax subject to a maximum limit depending on tax regimes as under: ₹ 12,500 for income up to ₹ 5 lakh under ...

While the old regime allows for various exemptions and deductions, the new regime offers reduced tax rates with limitations ...

India's Budget 2025 may potentially abolish the old tax regime. The new tax regime, default since 2020-21, offers simplified, ...

The opposition Congress on Thursday called India's GST the world's worst such regime, accusing the government of being ...

Also, the return-filing process needs to be simplified for NRIs, who are facing several challenges as tax refunds are not ...

India currently offers two tax regimes: the old regime with higher tax rates and more exemptions, and the new regime with ...

Budget 2025 is likely to prioritise fiscal discipline, minor tax tweaks, and cautious consumption boosts over bold reforms.

Ahmedabad: The opposition Congress on Thursday called India’s GST the world’s “worst” such regime, accusing the government of ...

As Budget 2025 approaches, whispers of scrapping the old income tax regime have grown louder. Has the old regime lost its ...

Experts anticipate measures to reduce tax rates, revise slabs, and simplify the overall tax regime. These changes could ...