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 …
OLD TAX REGIME
New Income Tax Slab Rates & Deductions for AY 2025-26 (FY 2024-25) as amended by FA (No.2) 2024: Salary, Advance Tax and Special Cases
The financial year (FY) 2024-25 brings updated rates for deduction of income tax at source (TDS) from “Salaries” and computation …
Deduction, rebates, liability: Which tax regime is suited for your salary
People earning annual salaries above Rs 10 lakh, Rs 15 lakh, and Rs 20 lakh face important decisions when it …
Switching Between New and Old Tax Regimes in Income Tax Return Filing
When filing their Income Tax Return (ITR), taxpayers have the option to switch between the new and old tax regimes. …
IT Department Revised Tax Rates from 5 July 2024 | Know the Normal Tax Slab Rates and Special Tax Rates before filing ITR
The Finance Act 2023 has amended the provisions of Section 115BAC w.e.f AY 2024-25, making the new tax regime the …
IT Department FAQ related to New Tax vs Old Tax Regime on 15 July 2024
The Finance Act 2023 has amended the provisions of Section 115BAC w.e.f AY 2024-25 to make new tax regime the …
Changes from July 1, 2024: GST, Income Tax, TDS, EPFO, Criminal Law, cards and others
As of July 1, 2024, several significant changes have come into effect across various sectors in India. From tax filing …
New changes of New Tax Regime from FY 2023-24 : must read to know if new regime is beneficial for you
The Indian income tax regime has undergone significant changes, especially concerning the applicability and options available for taxpayers under Section …
Income Tax Slab Rates: New Tax Regime Vs Old Tax Regime | Which can save your tax? know in 60 seconds
The Income Tax Act of India provides taxpayers with a choice between two tax regimes: the old tax regime with …
Fake HRA claims: What is this tax controversy and how to protect yourself?
The Income Tax department has discovered a number of cases where people have claimed a tax benefit (House Rent Allowance …
