No hike has been announced in the Section 80C deduction limit in Budget 2025. Deduction under Section 80C of the Income Tax ...

Among the primary expectations of taxpayers are the rationalization of income tax slab rates and an increase in the Section ...

The current income tax slabs introduced for FY 2024-25 were designed to alleviate the tax burden on average taxpayers.

NRIs who opt for the new tax regime may get some benefits, but they are not eligible for the Section 87A rebate ...

Taxpayers are keenly awaiting possible reductions in tax rates and increased exemption limits, amid ongoing high inflation ...

Here are the income tax rates, standard deduction available, basic exemption limit, rebate and deductions under both the new ...

Enhanced Section 80C Benefits: The deduction limit under Section 80C of the Income Tax Act, currently capped at Rs 1.5 lakh, should be doubled to Rs 3 lakh, encouraging greater savings and ...

Given the economic slowdown and geopolitical uncertainties, bold reforms are expected from FM Nirmala Sitharaman to simplify ...

Raising the basic exemption limit to ... that the old tax regime provides greater savings. This is particularly true for individuals who claim multiple deductions under Sections 80C, 80D, 24B ...