The new tax regime – the default – offers a basic exemption limit of Rs 3 lakh for all individuals, regardless of age. This ...

In Budget 2025, Finance Minister Nirmala Sitharaman proposed new tax regime income tax slabs. Once the slabs come into effect ...

This tool allows individuals to compare their tax liability under both the old and new tax regimes by entering their income ...

In her Budget 2025 address, FM Nirmala Sitharaman announced modifications to the new tax regime, such as the exemption of up ...

Now, there are three options of calculators: Tax Calculator ... you need to enter your residential status and whether you are individual or association of persons, etc. Then you have to enter ...

In the Budget 2025, there have been new income tax slabs introduced in the new tax system. Finance Minister Nirmala Sitharaman revealed that individuals with a net taxable income of up to Rs 12 lakh ...

Although the new tax regime does not offer most exemptions and deductions given under section 80C, 80 D, 80 G and 80CCD (1), among others, what it offers instead is the lower slab rates.

For salaried Indians, a higher income offers greater opportunities for saving and investing. However, understanding the tax ...

The Income Tax Department has introduced an online calculator for taxpayers to compare their potential savings under the newly default New Tax Regime, effective April 2025. The initiative aims to ...

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 ...

The government cut personal income tax rates for some individuals in a bid to boost consumption across Asia's third-largest economy, which is projected to grow at its slowest pace in four years.

which is used to calculate the amount owed. In most cases, this means multiplying the applicable tax rate by the taxable income of the business or individual. A notable exception is the sales tax.