The Government of India levies tax upon the income of salaried and self-employed citizens of all age groups. Once you figure out which tax slab you fall under as per your tax regime, it becomes easier ...

With Finance Minister Nirmala Sitharaman announcing big rebates for taxpayers in the middle-income group under the new tax ...

With a focus on the middle class and easing compliance, Union Finance Minister Nirmala Sitharaman proposed in Budget 2025-26 ...

The new income tax regime was introduced as an optional tax regime FY 2020-21 onwards. Under the new income ... beneficial income tax slabs and no headache of compliance burden related to ...

The new tax slabs with lower tax rates will leave more money on the table to invest, save or spend — as per the taxpayer’s preference. The government’s new tax regime isn’t for everyone.

The new tax regime was first introduced in Union Budget 2020-21 by inserting a new section, 115BAC, in the Income Tax Act for individuals and Hindu Undivided Families (HUFs).