The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...

Introduced in the Union Budget 2020, the new tax regime offers significant reductions in tax rates, but limits the ...

Most personal tax experts are of the view that the government will phase out the old income tax regime in the com ...

India’s tax system saw important updates, making the new tax regime the default for most taxpayers. While it offers lower tax rates, it removes many traditional exemptions.

Dividend income can be a great way to earn passive returns, but taxes can eat into those gains. By understanding how ...

The government has reported a rise in direct tax collections and foreign investment inflows following corporate tax rate reductions, effective from AY 2020-21 (except the pandemic-affected FY 2020-21) ...

Explore the key differences between the old and new tax regimes in India. With Budget 2023 changes, find out which tax system ...

The government has been talking about simplifying the tax structure to make it easier for taxpayers. Eliminating the 30% tax ...

While the old tax regime, with its deductions and exemptions, has been a longstanding feature, the government's push for the ...

Millions of taxpayers face paying more income tax due to frozen tax allowances. We explain how income tax is calculated.

By investing in NPS and applying standard deduction of Rs 75,000, taxpayers earning Rs 13.7 lakh salary can pay zero tax; ...

There will be zero income tax up to an annual income of ₹12 Lakh under the new tax regime, FM Sitharaman has announced.