Articles for Old Regime

Choosing old tax regime can help you claim HRA exemption from taxes; here's how
1 year, 7 months ago

Choosing old tax regime can help you claim HRA exemption from taxes; here's how

Firstpost  

Meant for the expenses regarding rented accommodation, House Rent Allowance is also subjected to an exemption in the Income Tax Act that helps to reduce taxes partially or sometimes wholly. Those who live in rented places can claim an HRA exemption from taxes by utilising Section 80 GG, however, only if they choose the old tax regime. Documents for claiming …

Tax House Claim Rent Deduction Exemption Hra
Rebate Limit, New Income Slabs, Standard Deduction — Understanding What Taxpayers Have In Budget 2023
1 year, 10 months ago

Rebate Limit, New Income Slabs, Standard Deduction — Understanding What Taxpayers Have In Budget 2023

ABP News  

Finance Minister Nirmala Sitharaman presented Narendra Modi government’s last full Budget announcing a host of concessions for the middle class as expected. The six key announcements pertaining to personal income tax in the Budget are: Individuals earning up to Rs 7 lakh per annum will not have to pay any tax, under the new tax regime. Old tax regime still …

Tax Taxes Budget Income Home Loan Old Lakh
Union Budget 2023: Read Nirmala Sitharaman's full speech here
1 year, 10 months ago

Union Budget 2023: Read Nirmala Sitharaman's full speech here

Hindustan Times  

Union finance minister Nirmala Sitharaman presented the Union Budget 2023-24 in the Parliament on Wednesday. I propose to provide enhanced limits of ` 3 crore and ` 75 lakh respectively, to the tax payers whose cash receipts are no more than 5 per cent. It is proposed to make amendments relating to exemption provided to charitable trusts and institution to …

India Infrastructure Development Financial Life Tax Urban Infrastructure
Income Tax Slabs Overhauled Under New Regime, Rebate Limit Up; Check New Tax Rates
1 year, 10 months ago

Income Tax Slabs Overhauled Under New Regime, Rebate Limit Up; Check New Tax Rates

News 18  

Budget 2023: Finance minister Nirmala Sitharaman has announced changes in the new regime of personal income tax. Govt proposed to increase the income tax rebate limit from Rs 5 lakh to Rs 7 lakh in new tax regime. Resident individual with total income up to Rs 5 lakh do not pay any tax due to rebate under both old and …

Tax Income Lakh Regime Lakhs New Regime Old Regime
Budget 2023 new income tax slabs: How to calculate your tax
1 year, 10 months ago

Budget 2023 new income tax slabs: How to calculate your tax

Hindustan Times  

In a big relief for the middle class, finance minister Nirmala Sitharaman on Wednesday announced five income tax measures in the last full budget of the government before the 2024 Lok Sabha elections. People earning up to ₹7 lakh annually will not pay any income tax in the new tax regime as the personal income tax rebate limit has been …

Tax Budget Income Lakh Regime Budget 2023 Old Regime
Budget 2023: Know Existing Income Tax Slabs & Rates Under New Regime Vs Old Regime
1 year, 10 months ago

Budget 2023: Know Existing Income Tax Slabs & Rates Under New Regime Vs Old Regime

News 18  

Income Tax Rates and Slabs: Even as the Budget 2023 is around the corner and is set to be presented by Finance Minister Nirmala Sitharaman on Wednesday, February 1, the announcement regarding the income tax slabs and rates is one of the key watch out for. Here’s the comparison of the current income tax rates and slabs under the new …

Budget Income Tax Lakh Rs 5 Lakh Slabs New Regime Section 80C
'Huge financial losses to exchequer': Report on Delhi excise policy | DETAILS
2 years, 4 months ago

'Huge financial losses to exchequer': Report on Delhi excise policy | DETAILS

India TV News  

Highlights Report on alleged scam in new excise policy in Delhi deals at length with arbitrary decisions Decisions were taken by officials resulted into huge financial losses to the exchequer, said source Now, Delhi is all set to return to old regime of its excise policy Delhi excise policy news: The inquiry report on the alleged scam in the new …

Policy Delhi Foreign Liquor Ministers Council Report Department
Old income tax regime vs New: Which one you should opt for?
3 years, 7 months ago

Old income tax regime vs New: Which one you should opt for?

Live Mint  

The ITR filing season has set in. This is the first year to choose, between the old tax regime with deductions and exemption and new tax regime without deductions and exemption but with lower slab rates, while filing your ITR. If you wish to opt for the new tax regime you have to forgo various tax deductions and exemptions otherwise …

Benefits Tax Loan Income Home Loan Old Lakh