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.

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

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

An advertising agency owner in Nagpur orchestrated the large-scale felling of 552 trees to install pole kiosks along Inner Ring Road, causing Rs56 lak ...

60,000/- whereas under the old tax regime it is restricted to Rs 12,500/-. So you do not have to pay any tax as long as your regular income does not exceed Rs 12 lakh. For salaried people ...

At the same time, the old tax regime does remain relevant in some cases. (Graphics: Mint) To be sure, some earlier benefits can also be leveraged. For instance, even if your income is above the ...

your taxable income will be Rs 12 lakh. Now, according to the old tax regime slabs, you would pay a total income tax of Rs 1,72,500 -- Rs 52,000 more than what you will pay under the new regime.

The Budget 2025 is set to introduce significant changes to the income tax slabs, particularly benefiting the middle class. Currently, the new tax regime features slabs where income up to ₹3 lakh ...

Income Tax Slabs – AY 2025-26: Most taxpayers, especially those earning up to ₹25 lakh, will benefit from new regime exempting incomes up to ₹12L from tax. Union finance minister Nirmala ...

According to the government, individuals earning up to Rs 12 lakh annually will not have to pay any income tax under the new tax regime. For salaried employees, this nil tax limit will be Rs 12.75 ...

With Finance Minister Nirmala Sitharaman announcing big rebates for taxpayers in the middle-income group under the new tax regime, many were left wondering if the government plans to scrap the old ...