The new tax regime offers lower tax rates and simplifies the tax process. But it does not provide the same range of ...

The income tax system in India operates through a progressive slab structure. The amount of tax an individual pays is ...

A tax rebate is available on income up to Rs 7 lakh under the new tax regime and up to Rs 5 lakh under the old regime ...

A unified tax structure that converges elements of the Old and New Tax Regimes can simplify compliance while retaining ...

Experts have mentioned the need for the government to put more money in the hands of taxpayers to boost consumption, which ...

“Currently, those with income up to ₹ 5 lakh do not pay any income tax in both old and new tax regimes. I propose to increase ...

No official plans exist to abolish the old tax regime, but discussions continue. While the new tax structure offers lower ...

Under the old tax regime, government and private sector employees can claim deductions of up to 10% of their salary (basic ...

While the current regime offers concessional tax rates and restricts the ability to claim the majority of exemptions and ...

Unlikely, says tax experts, as a section of tax-payers does benefit from this tax structure. However, it might not be ...

With Budget 2025 approaching, individual taxpayers expect key changes, such as higher tax exemption limits, incre ...