During the Union Budget 2025 presentation, sweeping changes to the nation’s tax structure were announced. The revised regime ...

One of the key changes is the increase in TCS on foreign remittances under the Liberalized Remittance Scheme (LRS), which has ...

The Old Tax Regime requires tax planning, as taxpayers must invest in specific financial products to claim deductions. In contrast, the New Tax Regime is simpler, as it does not require tracking ...

Latest income tax calculation post Budget 2025: Starting April 1, 2025, individuals earning up to Rs 12 lakh under the new ...

Make use of the new tax regime benefits. The Budget 2025 raised the income tax exemption limit to ₹1.2 million, giving ...

Finance Minister Nirmala Sitharaman had announced in the 2025-26 Budget that the new tax ... annually won't have to pay any income tax under the new regime. Add to it the standard deduction ...

Every year, while filing (ITR), taxpayers face a common dilemma, should they choose the new tax regime or stick to the old one? In Budget 2023, the government made the new tax regime the default ...

New Tax Regime Calculations: In Budget 2025, Finance Minister Nirmala Sitharaman proposed new tax regime income tax slabs. Once the slabs come into effect, income up to Rs 12 lakh for non-salaried ...

Illustration: Dominic Xavier/Rediff.com Suresh: Suppose my taxable income is 13L, what will be my tax? Will 15% be only on 100000 under new tax regime? Your tax liability under new tax regime ...

During his campaign, President Trump proposed no tax on overtime and tips — mostly affecting people who work in the service ...

As per the proposals made in Budget 2025, the taxpayer can easily claim both houses as self-occupied and will not be required ...

Tax laws offer plenty of room to reduce the liability of the individual through careful structuring of salary, says Sudhir Kaushik.