New Tax Regime: Should you opt for it over old tax regime? All about income tax slabs, exemptions and more
Introduced in 2020, the new tax regime became a default regime in 2023. To be able to file tax return under the old tax ...
Returns from ULIP investment to get tax treatment as capital asset in these conditions, clarifies Budget 2025
T he Finance Minister has clarified that Unit Linked Insurance Plans (ULIPs) on whom clause (10D) of section 10 does not ...
New Tax Regime 2025: These exemptions, deductions will be available for taxpayers
In the Budget 2025, Finance Minister Nirmala Sitharaman increased the income tax rebate limit from Rs 7 lakh to Rs 12 lakh in the New Tax Regime. Effectively, individuals earning up to Rs 12 lakh will ...
Will Budget 2025 raise the basic exemption limit, standard deduction under the new tax regime?
Finance Minister Nirmala Sitharaman may not scrap the old tax regime, but tax sops, if any, are likely to be announced only under the new tax regime.
NPS can allow you to save tax even above ₹12 lakh exemption limit. Here's how
A key fact is that only 2.2 million individuals have enrolled for the scheme despite it existing for nearly a decade ...
No tax on GIFT City Ulip maturity proceeds even if premiums exceed Rs 2.5 lakh per year
Regular Ulips’ maturity proceeds attract tax if their annual premiums exceed Rs 2.5 lakh. However, Budget 2025 has granted a ...
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Income Tax Slabs and Rates: New Regime Vs Old Regime
People with an annual income exceeding Rs 12 lakh will not qualify for the tax rebate under section 87A. For those with incomes above this limit ... Rs 2 lakh. Senior citizens also get exemptions ...
Zero income tax: Investment in NPS, other deductions can get you more tax savings up to Rs 96,000; here's how
By investing in NPS and applying standard deduction of Rs 75,000, taxpayers earning Rs 13.7 lakh salary can pay zero tax; ...
Decoded: With Budget 2025 tax sops does old tax regime still make sense?
The government on Saturday said the old tax regime will continue. But with the changes announced in Budget 2025, does it ...
Income Tax Slabs Budget 2025 Highlights: How much income tax will middle class taxpayers save? FM Sitharaman's big tax announcements decoded
Finance Minister Nirmala Sitharaman has brought big cheer for middle class taxpayers - it’s a bonanza like never b ...