The Union Budget 2025, presented in the Parliament Session on February 1, 2025, introduced major reforms in exemptions and deductions under the new tax regime for the Financial Year (FY) 2025-26 and ...
In the case of EPF, employee contributions generally qualify for a deduction under Section 80C of the Income Tax Act, capped ...
Employer contributions to NPS under Section 80CCD (2) are allowed up to 14% of Basic Salary + Dearness Allowance (DA) for central government employees and 10% for others. Specially-abled individuals ...
The new Income Tax Bill, tabled today in the Lok Sabha, retains all the deductions and exemptions but under new section ...
A revision in section 80D would not only support taxpayers but also strengthen the health insurance industry, making quality ...
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 ...
Union Budget 2025 sparks debate between old and new tax regimes, offering exemptions vs. simplified slabs and lower rates.
Will the new tax regime put more money in your pocket, or should you stick with the old regime? Here is all you need to know.
It is to be noted that while the new regime provides a lower tax rate for specific tax slabs, the old tax regime has enough room for claiming deductions under Chapter VI-A against various ...
The new tax regime – the default – offers a basic exemption limit of Rs 3 lakh for all individuals, regardless of age. This ...