Recognizing the contributions of the middle class and with an objective to eventually phase out the old tax regime, various ...

In 2020, the Government of India introduced a new tax regime that offered concessional tax rates while scrapping most of the deductions and exemptions offered under the old tax regime. Most small ...

Meanwhile, you can use this Income Tax Calculator to find out which regime suits you more in view of the exemptions you are entitled to and the tax slab you fall under. Here we give a lowdown on ...

In Budget 2024, FM Sitharaman increased the standard deduction for those who opted for the new tax regime to Rs 75,000 ...

Property owned by qualified religious organizations in Colorado may enjoy an exemption from state property tax. To enjoy ...

New Tax Regime: The proposals in the Union Budget for the new tax regime include full exemption for individuals earning up to Rs 12 lakh per year. The tax slabs have been extended, with a new 25 ...

Budget 2025 increases rebate, no tax liability up to ₹12 lakh; answers on rebate, exemptions, deductions in income tax.

In one of the biggest tax relief ever in the history, Union Finance Minister Nirmala Sitharaman on Saturday announced a big ...

Kansas Republicans pushed property taxes in November elections. Their first proposal exempts private planes, boats and ...

In 2014, taxpayers were exempt from tax on income up to Rs 2 lakh. Budget 2025 has significantly expanded this relief to Rs ...

As India gears up for the 2025 budget, one burning question remains: Will there be any major changes to personal income tax ...

Finance Minister Nirmala Sitharaman had in July last year announced a comprehensive review of the Income-tax Act 1961.