New income tax slabs for FY 2025-26: 30% tax now starts at Rs 24 lakh, income up to Rs 20 lakh to be taxed at 20% in Budget 2025
The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...
There is no plan to phase out old tax regime: CBDT Chairman Ravi Agrawal
Agrawal discussed a range of topics, including framing of tax proposals, and why he feels most taxpayers would opt for the ...
After Budget 2025, should you opt for old or the new tax regime?
A comparison of the two regimes would clearly indicate that the intention of the Government is to streamline the process and ...
Tax Guru5d
Form 10-IE Filed, But Old Regime Return filed: ITAT Pune Rejects New Tax Regime Enforcement
JCIT (A) upheld the CPC’s action, stating that under section 115BAC, once the option for the new regime is exercised, it cannot be withdrawn for the current year, only for subsequent years. However, ...
ThePrint on MSN3dOpinion
Budget 2025 makes the Old Tax Regime redundant. It’s all about income tax relief
The forthcoming income tax Bill could be a revolutionary step to open a new chapter in India's fiscal narrative. It is poised ...
Tax Guru1d
Why Unfair Tax Treatment for Old Tax Regime Followers?
It is advocated by the Government that 75% of the assessees have moved to the New Tax Regime, which is not out of love and affection but out of compulsion. Hence the finance minister is requested not ...
What Rs 12 Lakh Exemption Means And How Tax Is Calculated If You Earn More
The government has revised the tax structure under the new regime with Finance Minister Nirmala Sitharaman announcing that ...
Income Tax Budget 2025 Highlights: Who is likely to benefit most from FM Nirmala Sitharaman's tax slab change?
Finance Minister Nirmala Sitharaman announced new tax slabs in the new tax regime 2025, so there will be no income tax for those drawing ₹12 lakh and less ...
How to Complete Your Tax Return Without Form 16
Completing tax return without Form 16 can be confusing. Here is how you can easily file it when you don't have one.
Newspoint on MSN2d
Income Tax Tips: Which tax regime will be better for taxpayers now, know where more tax will be saved..
In the new tax regime, the government has made major changes in the income tax slab. In this, the income exemption for ...
Will 'Lakshmi' bless taxpayers? High expectations of income tax relief for poor, middle class in Budget 2025 today
The Union Budget 2025 will be presented today by finance minsiter in Parliament at 11 AM. There is an expecation among ...