Finance Minister Nirmala Sitharaman defends the new tax regime, emphasizing its simplicity and flexibility for taxpayers. She reassures that the old regime remains available, noting that 72.8% of ...

A parliamentary committee report on the Income Tax Bill 2025, aiming to replace the old Income Tax Act, is set to be ...

Heightened I-T dept scrutiny has compelled many salaried taxpayers to avail of deductions on 80C tax-saving investments, HRA, ...

Major Changes in the New Tax Regime for FY 2025-26. The New Tax Regime was introduced by Finance Minister Nirmala Sitharaman and updated in the latest Union Budget. Key updates include: ...

For the Financial Year 2025-26, if your annual income is Rs 12,89,000, marginal tax relief will apply for you. But will you ...

Finance Minister Nirmala Sitharaman tabled the new Income Tax bill in Lok Sabha amid the huge uproar by the opposition MPs. The bill will now be referred to the Select Committee of Lok Sabha for ...

Budget speech, Finance Minister Nirmala Sitharaman shared big news. Under the new regime, if you earn up to Rs 12 lakh, you ...

Budget 2024: Finance Minister Nirmala Sitharaman said during her budget speech that fresh tax changes will lead to savings of Rs 17,500 for taxpayers.

Finance Minister Nirmala Sitharaman announced an increase in the income tax rebate under the New Tax Regime, enabling resident individuals with total income up to Rs 12,00,000 to be exempt from ...

But under the new tax regime, her tax liability will now drop by nearly Rs 50,000. FOR INCOME BETWEEN RS 24-50 LAKH While middle-income taxpayers benefit, the reforms also extend to high-income ...

Finance Bill 2025 Income Tax Calculations: Finance Minister Nirmala Sitharaman said in the Parliament today (March 25, 2025) that the Finance Bill 2025 will be presented during the monsoon session ...