Among the primary expectations of taxpayers are the rationalization of income tax slab rates and an increase in the Section ...
No hike has been announced in the Section 80C deduction limit in Budget 2025. Deduction under Section 80C of the Income Tax Act is available under the old tax regime only. For the upcoming fiscal year ...
Taxpayers are keenly awaiting possible reductions in tax rates and increased exemption limits, amid ongoing high inflation ...
If your annual taxable income is ₹10 lakh and you claim the full ₹1.5 lakh deduction, your taxable income reduces to ₹8.5 ...
The current income tax slabs introduced for FY 2024-25 were designed to alleviate the tax burden on average taxpayers.
Here are the income tax slabs, rates, and deductions announced by Finance Minister Nirmala Sitharaman in the Union Budget ...
How do tax exemptions put money back in your pocket ... The government might increase the exemption limit under Section 80C or introduce new categories like incentives for going green.
In a major relief for the middle class, Finance Minister Nirmala Sitharaman announced that individuals earning up to Rs 12 ...
The government on Saturday said the old tax regime will continue. But with the changes announced in Budget 2025, does it ...