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 ...

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

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

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

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

One should note that there have been no modifications to the income tax rules, slabs, and rates in the Old Tax Regime.

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

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

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

Starting from 2024, the default tax-filing regime will be the New Tax Regime, which features a simplified process but limited ...

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

Budget 2024's revamped tax regime offers simplified slabs, higher deductions, and savings up to Rs 17,500 annually, enhancing flexibility and easing tax compliance for taxpayers.