The new tax regime simplifies income tax, but with fewer deductions in play, taxpayers must make the most of the available ...

A revision in section 80D would not only support taxpayers but also strengthen the health insurance industry, making quality ...

Despite the removal of many benefits, certain allowances remain exempt under the new tax regime, providing some relief to ...

taking into account the standard deduction of Rs 75,000. Additionally, the existing marginal relief provided under the new tax regime will continue to apply for those with incomes slightly above ...

This income tax deduction is offered for the contributions made by the employer towards National Pension System (NPS).

The provisions of the New Tax Regime outlined in Section 115BAC of the Income-Tax Act, 1961 will be moved to Section 202 in ...

According to one expert, the benefits of reduced tax slab rates in the new regime far outweigh the practical hassles of ...

The new Income Tax Bill will replace the current Income Tax Act, once it becomes effective from April 1, 2026. However, many ...

The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman, introduced several key changes to the income tax ...

The new Income Tax Bill, tabled today in the Lok Sabha, retains all the deductions and exemptions but under new section ...

The Income Tax Department has introduced an online calculator for taxpayers to compare their potential savings under the ...

Married couples need to determine which tax regime offers lower tax liability for each spouse considering their income ...