Taxpayers who have already selected the new tax regime in the Income-Tax Act 1961 will not need to choose it again in the ...

Will the new tax regime put more money in your pocket, or should you stick with the old regime? Here is all you need to know.

These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...

The bill has been drafted in six months, incorporating changes to tax rates, slabs, and TDS provisions announced in the Union ...

Who should file a tax return, how to get ready for taxes, filing and payment due dates, reporting your income and claiming deductions, and how to make a payment or check the status of your refund.

Georgia lawmakers introduced legislation this week to exempt college athletes from a 5.39% state income tax on their name, ...

(With inputs from ANI) Budget 2025 LIVE Updates: Welcome to our Live Blog Union Budget 2025 LIVE Updates: Zero Income Tax till Rs 12 Lakh Income under New Tax Regime ...

FM said that nil tax slab will apply for annual income up to Rs 12 lakh (Rs 12.75 lakh for salaried tax payers with standard deduction of Rs 75,000) under new tax regime. Trending Photos New Delhi: ...

The finance minister Nirmala Sitharaman announced the establishment of a Rs 1 lakh crore Urban Challenge Fund to drive the ...

Increase basic exemption limit to Rs 5-10 lakh Some reports have suggested that the government could consider increasing the basic exemption limit under the new tax regime from Rs 3 lakh to Rs 10 ...

A key recommendation is to increase the basic exemption limit under the new tax regime to ₹10 lakh. If implemented, individuals earning up to ₹10 lakh annually would be exempt from paying income tax ...

Budget 2025: What is the standard deduction? It is a fixed amount of money deducted from amount automatically deducted from an individual's annual taxable income. Therefore, it reduces the overall tax ...