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NEW TAX REGIME

Old tax regime to stay, but why would anyone want it now: CBDT chairman

February 4, 2025 by Pooja Gupta
Old tax regime to stay, but why would anyone want it now: CBDT chairman

  New Delhi: The proposed new income tax law will be “user-friendly” and easy to comprehend, without redundant provisions of …

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Goodbye old tax regime; new regime now more attractive

February 2, 2025 by Pooja Gupta
Goodbye old tax regime; new regime now more attractive

The budget’s biggest, shiniest takeaway: no tax on income up to ₹12 lakh. Union finance minister Nirmala Sitharaman’s announcement was …

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Union Budget 2025: Will standard deduction limit be increased under the old, new tax regime?

January 28, 2025 by Pooja Gupta
Union Budget 2025: Will standard deduction limit be increased under the old, new tax regime?

  Everyone’s eyes are on the finance minister as Budget 2025 draws closer, particularly those in the salaried class. The …

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No tax rate reductions for old regime, clarifies Nirmala Sitharaman

September 20, 2024 by Pooja Gupta
No tax rate reductions for old regime, clarifies Nirmala Sitharaman

The new regime features lower tax rates and an increased standard deduction of Rs 75,000. | File Photo Finance Minister …

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Budget 2024: Deduction limit increased from 10% to 14%; introduces NPS Vatsalya for minors

July 25, 2024 by Pooja Gupta
Budget 2024: Deduction limit increased from 10% to 14%; introduces NPS Vatsalya for minors

One of the government’s objectives is to provide social security benefits to citizens. In Budget 2024, the Finance Minister made …

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Income Tax slab rate FY 2023-24 & AY 2024-25

July 5, 2023July 1, 2023 by Pooja Gupta
Income Tax slab rate FY 2023-24 & AY 2024-25

From April 1, 2023: In Finance act 2023, major changes are made in new tax regime: 1. The new income …

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