No other deduction is allowed under the new tax regime. Current income tax slabs under the old tax regime Budget 2025 has not announced any change in the income tax slabs under the old tax regime.

Income Tax Slabs: The new tax slabs announced by Union Finance Minister Nirmala Sitharaman in the Budget 2025-26 has come into effect from Tuesday i.e. April 1. The revised income tax slabs for ...

However, the in-hand salary (take-home pay) is what remains after deductions for: Income tax (as per the applicable slab) Employee Provident Fund (EPF) contributions Other deductions (e.g ...

Major changes to tax slabs, rebates, and TDS deductions in the ... Finance Minister Nirmala Sitharaman announced significant changes to the income tax structure, aiming to provide relief to ...

The Income Tax Department is expected to soon release the online ITR forms, which will officially open the e-filing process.

The new tax regime will have new income tax slabs from FY 2025-26. Many salaried employees hesitated to switch to the new tax ...

Confused between the old and new tax regimes for FY 2024-25? Understand key differences like tax slabs, deductions and ...

Many individuals are confused about whether income tax rules allow a taxpayer to choose any tax regime during the income tax ...

Coming up from April 1, 2025: New rules for mutual funds allotment, UPI and GST invoicing Coming back to NTR slabs. It would be quite natural to ask if no tax is levied up to an income of ₹12,00 ...

Pakistan has ‘linked’ tax relief for the salaried class with the consent of the International Monetary Fund (IMF) in the ...