With the Union Budget 2025 on the horizon, taxpayers under the Old Tax Regime are eagerly anticipating long-overdue relief.

Since its introduction, the slabs have been tweaked two times, and are likely to be tweaked again on February 1.

Among these zero-tax return filers, a majority may have switched to the New Tax Regime. This indicates that the majority of ...

Finance Minister Nirmala Sitharaman’s Budget 2024 modified income tax slabs, favouring the new tax regime. The old regime, ...

Calculating your taxable income is a crucial part of the tax filing process-it gives you knowledge of the various exemptions ...

Finance Minister Sitharaman revamped the income tax slabs in Budget 2024, enabling savings of up to ₹17,500. The standard ...

Budget 2024's revamped tax regime offers simplified slabs, higher deductions, and savings up to Rs 17,500 annually, enhancing ...

One should note that there have been no modifications to the income tax rules, slabs, and rates in the Old Tax Regime.

Also, the return-filing process needs to be simplified for NRIs, who are facing several challenges as tax refunds are not ...