A flat tax would reduce the IRS' workload, allowing for tax collection with only a fraction of the current 100,000 IRS ...

The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...

Union Budget, focusing on tax relief for the middle class. Key changes include no tax on income up to Rs. 12 lakh and revised tax slabs to increase disposable income and stimulate economic growth.

Finance Minister Nirmala Sitharaman in Budget announced new tax slabs in the new tax regime 2025, making it so that there is ...

Individual taxpayers, who saw limited changes in the July 2024 Budget, are now hopeful for meaningful reforms to reduce ...

Finance Minister Sitharaman announced a substantial tax benefit, ensuring that individuals earning up to Rs 12 lakh annually ...

FM Nirmala Sitharaman announced major income tax relief, with no tax payable on income up to Rs 12 lakh. New tax regime to be ...

Learn how to create a personalized drawdown strategy that maximizes your retirement income while minimizing your tax burden.

The current income tax slabs introduced for FY 2024-25 were designed to alleviate the tax burden on average taxpayers.

The finance ministry said the rebate for individuals under the new regime should be increased so that they do not pay tax if their total income is up to ₹ 12 lakh.

Are you left scratching your head about the changes in tax slabs in the new regime announced in Union Budget 2025? Wondering ...

There will be zero income tax up to an annual income of ₹12 Lakh under the new tax regime, FM Sitharaman has announced.