New income tax regime has better tax rates, but what's missing?
2 months ago

New income tax regime has better tax rates, but what's missing?

India Today  

Budget 2025 is just a few days away and anticipation of tax relief for the salaried taxpayers is also heating up as the government needs to address the slowdown in GDP amid the rise in the cost of living. Swapnil Aggarwal, Director, VSRK Capital said that for the new income tax regime to be applicable successfully, it might need to incorporate some features of the old era of widespread deductions and exemptions. The government has been focussing on increasing the adaptability of the new tax regime but since people still stick to the old tax regime due to the tax saving deductions it offers. Dipesh Jain, Partner at Economic Laws Practice, said, "The rates under the new tax regime are lucrative, but non-availability of certain deductions like interest on loans for acquisition/construction of self-occupied property led to less popularity of the new tax regime." Such benefit is not available to the taxpayers under the new tax regime, thereby increasing tax burden in their hands," he added.

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History of this topic

Old vs new tax regime: Which one should you opt for in 2025-26?
1 week, 1 day ago

Old vs new tax regime: Which one should you opt for in 2025-26?

India Today  

As the new financial year approaches, taxpayers need to make a choice between the old and new tax regimes. Unlike the old regime, the new regime provides limited deductions but offers concessional tax slabs. Choosing between the new and old tax regimes requires careful consideration of income, deductions, and financial goals.” “While the new tax regime offers lower tax rates …

Old vs new income tax regime: What to choose if you earn Rs 50 lakh per year
1 week, 2 days ago

Old vs new income tax regime: What to choose if you earn Rs 50 lakh per year

India Today  

When it comes to paying taxes, picking the right tax regime can help you save money. COMPARISON OF OLD AND NEW TAX REGIMES Under the old tax regime, taxpayers can claim various deductions to lower their taxable income. Contrastingly, if Mr X opts for the new tax regime, which does not allow the above-mentioned deductions, the entire Rs 50 lakh …

Opting for old tax regime? Check these tax-saving schemes under Section 80C
2 weeks, 6 days ago

Opting for old tax regime? Check these tax-saving schemes under Section 80C

India TV News  

Opting for old tax regime? Check these tax-saving schemes under Section 80C Old tax regime: One of the most valuable deductions available under the Old Tax Regime is Section 80C, which allows taxpayers to claim deductions of up to Rs 1.5 lakh per financial year. Tax-saving schemes under Section 80C Public Provident Fund : The Public Provident Fund is a …

New income tax regime: Check revised tax rates, slabs, and will you benefit?
1 month, 2 weeks ago

New income tax regime: Check revised tax rates, slabs, and will you benefit?

India Today  

The new income tax regime is set to become the preferred option for the majority of taxpayers in the upcoming financial year, following the proposals in the Union Budget 2025. In fact, salaried individuals with an annual income of Rs 12.75 lakh won't have to pay any tax, given the standard deduction of Rs 75,000 under the new regime. High-income …

New income tax law likely to be far simpler sans complexities, says Dipesh Jain of Economic Laws Practice
1 month, 2 weeks ago

New income tax law likely to be far simpler sans complexities, says Dipesh Jain of Economic Laws Practice

Live Mint  

In the past several years, a number of big and small changes have been made in the Income Tax Act, 1961. The new income tax law, conversely, is likely to have them removed simply because it is a fresh piece of legislation written on a clean slate, says Dipesh Jain, partner, Economic Laws Practice in a telephonic interview with MintGenie. …

New tax regime: Deductions and exemptions explained
1 month, 3 weeks ago

New tax regime: Deductions and exemptions explained

Live Mint  

While the new tax regime trims down the deductions and exemptions available to taxpayers, it still offers several strategic benefits that can lighten the load for individual taxpayers. Deductions For salaried individuals who opt for the new tax regime, there’s a standard deduction of ₹75,000. View Full Image Other exemptions: While the new tax regime doesn’t offer house rent allowance …

New Tax Regime: Should you opt for it over old tax regime? All about income tax slabs, exemptions and more
1 month, 3 weeks ago

New Tax Regime: Should you opt for it over old tax regime? All about income tax slabs, exemptions and more

Live Mint  

In 2020, the Government of India introduced a new tax regime that offered concessional tax rates while scrapping most of the deductions and exemptions offered under the old tax regime. Deduction under section 80JJAA: This allows eligible businesses to claim a deduction for hiring new employees Standard deduction benefit In 2023, the finance minister announced the new tax regime as …

Old Tax Regime Vs New Tax Regime: Which One Offers Better Deductions?
1 month, 3 weeks ago

Old Tax Regime Vs New Tax Regime: Which One Offers Better Deductions?

ABP News  

The Union Budget 2025 has revamped the new tax regime, exempting individuals earning up to Rs 12 lakh annually from income tax giving a massive relief to taxpayers. The revised tax structure also introduces a 25 per cent tax slab for incomes between Rs 20 lakh and Rs 24 lakh. Revised Tax Slabs Under The New Regime Income up to …

When Will The New Income Tax Rates Come Into Effect?
1 month, 3 weeks ago

When Will The New Income Tax Rates Come Into Effect?

ABP News  

Finance Minister Nirmala Sitharaman announced a major income tax relief in her Budget 2025 speech on Saturday, stating that no tax will be payable on annual incomes up to Rs 12 lakh under the New Tax Regime. With the standard deduction of Rs 75,000, this effectively raises the tax-free income threshold to Rs 12.75 lakh for salaried individuals. Revised Tax …

Old tax regime: Time to let go after Budget 2025 changes?
1 month, 3 weeks ago

Old tax regime: Time to let go after Budget 2025 changes?

India Today  

The Union Budget 2025 introduced major changes to the new income tax regime, making it more attractive for middle-class taxpayers. NEW TAX REGIME vs OLD TAX REGIME In the past, many taxpayers preferred the old tax regime because it allowed them to claim deductions for expenses like house rent, home loan interest, and investments in schemes like the Public Provident …

New income tax slabs: Check how much you'll save with these simple calculations
1 month, 3 weeks ago

New income tax slabs: Check how much you'll save with these simple calculations

India Today  

The Union Budget 2025 has introduced major changes to the new income tax regime, making it more attractive for salaried individuals. He also shared an example to show how the new tax regime changes will impact salaried taxpayers with incomes up to Rs 25 lakh: Kunal Savani, Partner, Cyril Amarchand Mangaldas, shared the new tax rates and slabs will benefit …

Tax Reforms In Budget 2025 Should Help Bring In Majority Of Taxpayers To New Income Tax Regime, Says CBDT Chairman
1 month, 4 weeks ago

Tax Reforms In Budget 2025 Should Help Bring In Majority Of Taxpayers To New Income Tax Regime, Says CBDT Chairman

ABP News  

CBDT Chairman, Ravi Agrawal, on Sunday said that revisions in the tax slabs should bring nearly all the individual taxpayers to the new income tax regime. Speaking in an interview with PTI, the Central Board of Direct Taxes executive said that the Budget 2025’s announcement of no tax on earnings up to Rs 12 lakh per annum should help the …

Tax axe budget prods people to spend more
1 month, 4 weeks ago

Tax axe budget prods people to spend more

New Indian Express  

NEW DELHI: a country is not just its soil, a country is its people—a famous line of Telugu poet and playwright Gurajada Appa Rao quoted by Finance Minister Nirmala Sitharaman in her speech—sums up the focus of Budget 2025-26. The middle class was the central focus of the Budget, which heralded a big income tax cut the demand for which …

Budget 2025: Was this a death knell for the old tax regime?
1 month, 4 weeks ago

Budget 2025: Was this a death knell for the old tax regime?

Live Mint  

Budget 2025: Union Finance Minister Nirmala Sitharaman announced the revision of tax slabs for taxpayers under the new tax regime. The tax slab rates under the old tax regime are as follows: Slab Tax 0-2.5 lakh NIL 2.5 to 5 lakh 5% 5 lakh to 10 lakh 20% Above 10 lakh 30% Now imagine someone who earns ₹12 lakh is …

Goodbye old tax regime; new regime now more attractive
1 month, 4 weeks ago

Goodbye old tax regime; new regime now more attractive

Live Mint  

The budget’s biggest, shiniest takeaway: no tax on income up to ₹12 lakh. First, zero tax up to ₹12 lakh as well as the attractive new tax slabs are only applicable to the new tax regime. For instance, even if your income is above the ₹12 lakh or ₹12.75 lakh rebate limit, you still have the ongoing provision of claiming …

Tax relief and enhanced spending on infra and rural development to boost consumption: FMCG makers
1 month, 4 weeks ago

Tax relief and enhanced spending on infra and rural development to boost consumption: FMCG makers

Live Mint  

New Delhi, Feb 1 The proposed income tax relief for the middle class and increased investments for rural development will help to drive consumption and propel growth of the premium product market, leading FMCG and consumer goods makers said on budget proposals. Godrej Consumer Products Ltd Chief Financial Officer Aasif Malbari said Union Budget 2025 takes a balanced approach by …

No income tax for annual income upto Rs 12 lakh in New Tax Regime
1 month, 4 weeks ago

No income tax for annual income upto Rs 12 lakh in New Tax Regime

Deccan Chronicle  

Mumbai : At a time when the economy is slowing, the Union Budget 2025-26 on Saturday announced major tax reliefs for the middle class to bolster their spending power thereby invigorating domestic consumption. Finance Minister Nirmala Sitharaman while presenting the Budget announced that under the New Tax Regime, no income tax will be payable for salaried individuals with total income …

Old vs new tax regime: How Budget 2025 alters your tax choices
Top News
1 month, 4 weeks ago

Old vs new tax regime: How Budget 2025 alters your tax choices

Firstpost  

Recognising the significant contributions of the middle class, the Government of India has consistently reduced their tax burden over the years Union Finance Minister Nirmala Sitharaman presented her eighth consecutive budget on February 1, 2025, making her the only finance minister in Indian history to achieve this milestone. As a strong commitment towards the middle class, the government has proposed …

Budget 2025: Income tax gains depend on your investments too. 6 scenarios explained
1 month, 4 weeks ago

Budget 2025: Income tax gains depend on your investments too. 6 scenarios explained

Firstpost  

Acknowledging the contribution of a young demography to the direct tax revenue and coming through on the promise made to the middle class taxpayers to leave more cash in hand, Union Finance Minister Nirmala Sitharaman proposed significant changes in the tax rates and slabs under the new tax regime. Here’s a comparative scenario on how much tax one will have …

Middle class jackpot! Who saves the most under the new tax regime?
1 month, 4 weeks ago

Middle class jackpot! Who saves the most under the new tax regime?

Hindustan Times  

Income Tax Slabs and Rates – FY 2024-25, AY 2025-26: Union finance minister Nirmala Sitharaman, the Budget 2025, announced on Saturday that annual income of up to ₹12 lakh will be exempt from Income Tax under the new regime. “The revamped tax slabs under the new tax regime as introduced by the Finance Bill 2025, aim to provide significant relief …

New income tax slabs: How much will you the taxpayer save, end up paying, explained
1 month, 4 weeks ago

New income tax slabs: How much will you the taxpayer save, end up paying, explained

Live Mint  

Budget 2025 brought unexpected cheer to a large section of middle-class taxpayers who may opt to file their returns under the new tax regime. The sharp reduction in tax liability was made possible by a rejig of tax slabs under the new tax regime, the introduction of a new slab and enhanced rebates. Old tax regime turns unattractive What is …

Still Calculating Your Tax Under New Slabs? Three Questions About New Tax Regime Answered
1 month, 4 weeks ago

Still Calculating Your Tax Under New Slabs? Three Questions About New Tax Regime Answered

ABP News  

In her 8th consecutive Budget speech, Finance Minister Nirmala Sitharaman introduced significant changes to the Income Tax slabs, especially benefiting salaried individuals. Question 1: Do I have to pay tax if my income is Rs 12 lakh and one rupee, and I am part of the new tax regime? The new revised tax slabs are as follows: 0-4 lakh rupees …

Budget 2025: New tax regime vs. old tax regime – which one should you now opt for?
1 month, 4 weeks ago

Budget 2025: New tax regime vs. old tax regime – which one should you now opt for?

Live Mint  

Union Budget 2025: With income tax slabs becoming more attractive, it is quite tempting for the taxpayers now to choose a new tax regime over the old tax regime. Sample this: If your income is ₹12.75 lakh, income tax in the new tax regime is 0 whereas in the old regime tax would be ₹1.8 lakh. When income is ₹15.75 …

NO income tax till ₹12 lakh: A look at the new tax slabs vs. current tax slabs
1 month, 4 weeks ago

NO income tax till ₹12 lakh: A look at the new tax slabs vs. current tax slabs

Live Mint  

Union Finance Minister Nirmala Sitharaman delivered her eight consecutive Union Budget at 11 am on Saturday, February 1, 2025. Revised income tax slabs under the new tax regime New tax slab New tax rates Old tax slab Old tax rate 0-4 lakh Nil 0-3 lakh rupees Nil 4-8 lakh 5 per cent 3-7 lakh rupees 5 per cent 8-12 lakh …

Relief for middle class: No tax on income up to ₹12 lakh in new tax regime
Top News
1 month, 4 weeks ago

Relief for middle class: No tax on income up to ₹12 lakh in new tax regime

Live Mint  

Finance Minister Nirmala Sitharaman gave taxpayers a big relief in Union Budget 2025-26 by making income up to ₹12 lakh tax-free from ₹7 lakh earlier. "To tax payers upto ₹12 lakh of normal income tax rebate is being provided in addition to the benefit due to slab rate reduction in such a manner that there is no tax payable by …

Relief for middle class: No tax on income up to ₹12 lakh in new tax regime
Top News
1 month, 4 weeks ago

Relief for middle class: No tax on income up to ₹12 lakh in new tax regime

Live Mint  

Finance Minister Nirmala Sitharaman gave taxpayers a big relief in Union Budget 2025-26 by making income up to ₹12 lakh tax-free from ₹7 lakh earlier. "To tax payers upto ₹12 lakh of normal income tax rebate is being provided in addition to the benefit due to slab rate reduction in such a manner that there is no tax payable by …

No Income Tax On Income Up To Rs 12 Lakh: Finance Minister Sitharaman's Announcement For Middle Class
Top News
1 month, 4 weeks ago

No Income Tax On Income Up To Rs 12 Lakh: Finance Minister Sitharaman's Announcement For Middle Class

ABP News  

Union Budget 2025: Finance Minister Nirmala Sitharaman announced there will be no tax on income up to Rs 12 lakh under the new tax regime. "To taxpayers up to Rs 12 Lakhs of normal income other than special rate income such as capital gains, tax rebate is being provided in addition to the benefit due to slab rate reduction in …

Budget 2025: 3 big changes you can expect in new tax regime today
1 month, 4 weeks ago

Budget 2025: 3 big changes you can expect in new tax regime today

India Today  

Some major changes to the new income tax regime may be announced by Finance Minister Nirmala Sitharaman in the Budget 2025 to make it more attractive for taxpayers. Experts across various sectors are optimistic that the Finance Minister will introduce major measures in the new tax regime to ease the burden on the middle class. HIGHER REBATE UNDER SECTION 87A …

Budget 2025: Here are the new Income Tax slabs
1 month, 4 weeks ago

Budget 2025: Here are the new Income Tax slabs

India Today  

In a major relief for middle-class taxpayers, Finance Minister Nirmala Sitharaman on Saturday announced that individuals earning up to Rs 12 lakh annually will not have to pay any income tax under the new tax regime. I am now happy to announce that there will be no income tax up to an income of Rs 12 lakh," Sitharaman said while …

Why it makes sense to opt out of old tax regime now
1 month, 4 weeks ago

Why it makes sense to opt out of old tax regime now

India Today  

"Old tax regime died today," said a person on X, acknowledging the tax rebates given by Finance Minister Nirmala Sitharaman in Budget 2025-26 as "massive". Since the new income tax regime was announced in 2020, the old regime never saw any benefits, while rebates were being given to those who opted for the new regime. TAX SLABS UNDER OLD REGIME …

How 2025 Budget's income-tax bonanza will ease the middle-class squeeze
1 month, 4 weeks ago

How 2025 Budget's income-tax bonanza will ease the middle-class squeeze

India Today  

Finance minister Nirmala Sitharaman has announced major personal income tax reforms in Budget 2025 with a special focus on the middle class to increase disposable incomes and thereby boost consumption. The New Delhi-based think-tank People Research on India’s Consumer Economy describes middle-class households as those with annual salary between Rs 6 lakh and Rs 36 lakh, and representing 38 per …

Budget 2025: Sitharaman expected to tweak income tax structure, increase exemptions
2 months ago

Budget 2025: Sitharaman expected to tweak income tax structure, increase exemptions

Firstpost  

With eyes on the middle class, Union Finance Minister Nirmala Sitharaman is expected to tweak the income tax structure and increase tax exemptions Finance Minister Nirmala Sitharaman is set to break her own record with the presentation of Union Budget for FY 2025-26. File image/PTI Union Finance Minister Nirmala Sitharaman is expected to tweak the income tax structure and increase …

Budget 2025: Sitharaman expected to tweak income tax structure, increase exemptions
2 months ago

Budget 2025: Sitharaman expected to tweak income tax structure, increase exemptions

Firstpost  

With eyes on the middle class, Union Finance Minister Nirmala Sitharaman is expected to tweak the income tax structure and increase tax exemptions Finance Minister Nirmala Sitharaman is set to break her own record with the presentation of Union Budget for FY 2025-26. File image/PTI Union Finance Minister Nirmala Sitharaman is expected to tweak the income tax structure and increase …

Income Tax Budget 2025: Will Nirmala Sitharaman offer solace to taxpayers with higher exemption limits, revised slabs?
2 months ago

Income Tax Budget 2025: Will Nirmala Sitharaman offer solace to taxpayers with higher exemption limits, revised slabs?

Live Mint  

Income Tax Budget 2025: The Union Budget in July 2024 disappointed individual taxpayers with limited changes. 1) Income tax slabs Reports suggest that the government may raise the tax-free annual income limit to ₹10 lakh, offering relief to the salaried class and revitalising the economy. In light of these complexities, the upcoming Budget should focus on simplifying the tax structure …

Budget 2025: Does it make sense to have a unified tax slab?
2 months ago

Budget 2025: Does it make sense to have a unified tax slab?

India Today  

With rising expectations from Budget 2025 on tax reforms and policies, one of the most debated topics is whether there should be a unified tax regime across the country. Hence, experts believe that taking the best of both the tax regimes and introducing a unified tax regime would benefit the taxpayers. Deepashree Shetty, Partner, Global Employer Services, Tax & Regulatory …

Budget 2025: 5 big tax changes every taxpayer is hoping for
2 months ago

Budget 2025: 5 big tax changes every taxpayer is hoping for

India Today  

Taxpayers, especially the salaried class, are anticipating several tax changes in the upcoming budget, which would help in easing their financial burden to some extent. Aakash Uppal, Partner & Leader, Corporate Tax, Tax and Regulatory Services, BDO India mentioned that individuals with annual earnings up to Rs 7 lakh are exempt from paying taxes under the new tax regime. “The …

Budget 2025: Old tax regime vs new tax regime; which is better?
2 months ago

Budget 2025: Old tax regime vs new tax regime; which is better?

India Today  

Finance Minister Nirmala Sitharaman is set to present the Union Budget 2025 on February 1. "The new tax regime was first introduced in Union Budget 2020-21 by inserting a new section, 115BAC, in the Income Tax Act for individuals and Hindu Undivided Families. The main reason for introducing the new tax regime was to simplify the personal taxation framework with …

Budget 2025: Top 10 income tax changes that middle class wants from Finance Minister Nirmala Sitharaman
Trending News
2 months ago

Budget 2025: Top 10 income tax changes that middle class wants from Finance Minister Nirmala Sitharaman

Live Mint  

As the Union Budget 2025 draws near, there’s a growing buzz about potential changes in Income Tax policies for the common man. Experts have offered several recommendations focusing on significant changes to personal income tax, specific tax areas like EVs and crypto, housing benefits, savings incentives, and more. Here’s a list of income tax reforms that the middle class can …

Budget 2025: 5 top middle-class expectations for tax relief and savings growth
2 months ago

Budget 2025: 5 top middle-class expectations for tax relief and savings growth

India Today  

Finance Minister Nirmala Sitharaman is just a few weeks away for tabling Budget 2025 and there is a growing anticipation amongst the middle class regarding the announcement of policies and measures by the government to curb inflation, increase purchasing power and ease financial burden. “Taxes for individuals in the Rs 3 lakh – Rs 7 lakh tax slab under the …

Mint Quick Edit | Tax cuts are in high demand
2 months, 1 week ago

Mint Quick Edit | Tax cuts are in high demand

Live Mint  

As many as 57% of individual taxpayers want finance minister Nirmala Sitharaman to lower taxes in the budget, according to a sample-survey carried out by Grant Thornton Bharat. Encouragingly for the government, 72% of those surveyed say they have shifted to the new tax regime, with lower rates but no document-based deductions, although 63% of individual taxpayers want stronger incentives …

Majority of individual taxpayers seek income tax cut in FY26 Budget: Grant Thornton Bharat survey
2 months, 1 week ago

Majority of individual taxpayers seek income tax cut in FY26 Budget: Grant Thornton Bharat survey

The Hindu  

As many as 57% of individual taxpayers want taxes to be lowered in the upcoming Budget, Grant Thornton Bharat's pre-budget survey said on Wednesday. The survey said although 72% of individual taxpayers have opted for a new income tax regime, a majority of taxpayers still seek an increase in incentives under the old tax regime. The survey results reveal that …

Budget 2025: How government can provide relief to taxpayers
2 months, 1 week ago

Budget 2025: How government can provide relief to taxpayers

India Today  

The Union Budget 2025 is just around the corner, and there are high expectations from citizens related to income tax relief. Though experts had earlier told IndiaToday.in that major tax relief measures are unlikely in the budget, taxpayers are still hoping for some incremental changes that will boost disposable income, given the fact that the government is also looking to …

Agri and All Trade Chambers urge Union Finance Minister for bold steps in 2025-26 budget to revive economy
2 months, 2 weeks ago

Agri and All Trade Chambers urge Union Finance Minister for bold steps in 2025-26 budget to revive economy

The Hindu  

Agri and All Trade Chambers, ahead of the Union Budget 2025-26, urged Union Finance Minister Nirmala Sitharaman to look for bold, drastic and innovative steps to revive the economy back to the 7% growth recorded in the preceding three years to achieve the goal of USD 5 trillion economy by 2030. Noting that proactive steps were essential to put the …

Budget 2025: Does old tax regime still make sense or should it be scrapped?
2 months, 3 weeks ago

Budget 2025: Does old tax regime still make sense or should it be scrapped?

India Today  

Imagine having to choose between two restaurants - one offers a straightforward fixed menu at a lower price, while the other has a slightly higher base price but comes with customisable sides, drinks, and desserts that could ultimately save you money. "The old tax regime should not be scrapped as it still provides benefits for the taxpayers claiming deductions up …

Budget 2025: Will new income tax regime steal the spotlight again?
2 months, 3 weeks ago

Budget 2025: Will new income tax regime steal the spotlight again?

India Today  

With the Union Budget 2025 less than a month away, industry bodies are urging Finance Minister Nirmala Sitharaman to deliver substantial personal tax relief to individual taxpayers. The Confederation of Indian Industry has recommended lowering marginal tax rates for individuals earning up to Rs 20 lakh annually, noting that such a move could stimulate a positive consumption cycle, foster growth, …

Pre-budget outlook: How to make the new tax regime more enticing and simplify compliance
2 months, 3 weeks ago

Pre-budget outlook: How to make the new tax regime more enticing and simplify compliance

Live Mint  

As the budget season approaches, anticipation grows over how the government will balance growth ambitions and fiscal responsibility. A press release issued on 2 August 2024 showed that 72% of taxpayers who filed their returns by 31 July 2024 chose the new tax regime, up from 67 percent in FY23. The new tax regime appeals to those with straightforward finances, …

Income tax slab: 5 things in the new tax regime every taxpayer must know before filing ITR 2025
2 months, 3 weeks ago

Income tax slab: 5 things in the new tax regime every taxpayer must know before filing ITR 2025

Live Mint  

Income tax slab: In Budget 2024, Finance Minister Sitharaman introduced key changes to the income tax slabs under the new tax regime to make them more attractive for taxpayers. Five things in the new tax regime that taxpayers must know for filing ITR in 2025 1) Income tax slab rates The income tax slabs have been revamped under the new …

Budget 2025: 5 reforms that could make new tax regime a better deal for you
Trending News
2 months, 3 weeks ago

Budget 2025: 5 reforms that could make new tax regime a better deal for you

India Today  

Finance Minister Nirmala Sitharaman is expected to present the Union Budget 2025 on February 1, 2025. The new tax regime is expected to take centre stage in the budget, with reforms designed to make it a more attractive alternative to the traditional tax structure. POSSIBLE REFORMS IN THE NEW TAX REGIME The upcoming budget could include several changes to the …

Budget 2025: FM should introduce new tax slab for individuals who adopt renewable energy, reduce carbon emissions
3 months, 1 week ago

Budget 2025: FM should introduce new tax slab for individuals who adopt renewable energy, reduce carbon emissions

Live Mint  

Finance minister Nirmala Sitharaman is set to present her second comprehensive budget after the 2024 general elections. The old tax regime with the regular income slabs and eligible deductions/exemptions and the new tax regime with relatively wider income slabs and lower tax rates, without most deductions/exemptions available in the old tax regime. A unified tax regime with widened income slabs …

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