It is important to note that the changes in the income tax slabs under the new tax regime are effective from April 1, 2024, i.e., for the ongoing fiscal year, 2024-25.

Here's everything you need to know about which deductions are claimable under the new tax regime 2025-26 and the benefits ...

While there are limited exemptions available under the new tax regime, taxpayers with a gross income exceeding Rs 24.75 lakhs will find the new tax regime beneficial if their total deductions and ...

Income Tax Slabs: With the new regime, the threshold of income above which income is exempt from taxation remains at Rs 3 lakh, but the slabs have been tweaked so that tax incidence on the mid ...

In the fiscal year 2025-26, starting from April 1, 2025, the New Tax Regime will see new income tax slabs, including a tax rebate of Rs 60,000 for income up to Rs 12 lakh (and Rs 12.75 lakh for ...

The new regime eliminates most exemptions — such as Sections 80C, 80D, HRA, and LTA — but compensates with reduced tax slabs.

Finance Minister Nirmala Sitharaman presented the Union Budget 2020 in the Lok Sabha on Saturday. This is the second time Sitharaman tabled the Budget after ...

A reform has long been desired by the 6.8 crore individual taxpayers, 1.5 crore registered firms, as the introduction of a ...

As the income tax return (ITR) filing season for Assessment Year 2025–26 kicks off, taxpayers must note that capital gains ...

Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.

New income tax bill 2025 allows one-time set-off of LTCL with STCG tax year 2026–27 onwards; This may help in lower capital gains tax outgo ...