A proposed solution is to implement a unified tax system, which combines the advantages of both the old and new tax regimes, ...

Unlikely, says tax experts, as a section of tax-payers does benefit from this tax structure. However, it might not be ...

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

No official plans exist to abolish the old tax regime, but discussions continue. While the new tax structure offers lower ...

The July 2024 budget was marked by sweeping tax reforms, including rationalisation of the capital gains tax regime, relief ...

A 25% tax rate for income between Rs 25 lakh and Rs 30 lakh, while retaining the 30% rate for income above Rs 30 lakh, could ...

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

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

The government expects changes made to the tax regime governing cruise lines to begin to have a material effect on the ...

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

Tax and financial experts recommend raising tax breaks on health insurance premiums to Rs 50,000 for individuals and Rs ...