Although the new tax regime does not offer most exemptions and deductions given under section 80C, 80 D, 80 G and 80CCD (1), among others, what it offers instead is the lower slab rates.

Income Tax: Standard deduction of ₹75,000 from salary is given under the new tax regime In FY 2023, the income tax regime became a default regime for all taxpayers. This means the taxpayers are ...

Capital gains income however falls under the taxable income. Check the latest slabs of income tax and rates under the new tax regime for those earning above Rs 12 lakh. The adjustment in income ...

Human joints move thousands of times a day. The articular cartilage plays a vital role in joints’ protection. If there is dysfunction in cartilage lubrication, cartilage cannot maintain its normal ...

Budget 2025 income tax expectations: While it is well known that new income tax regime is simplified tax regime without tax exemptions and deductions but still to make the rest of the 28% filing ...

These include a hike in the basic exemption limit to Rs 10 lakh and the introduction of a new tax slab of 25 percent under the new, minimal exemptions regime. Then, there are expectations that the ...

Default Regime: Starting from FY 2023-24, the new income tax regime has been made the default option. To continue using the old regime, you must submit the income tax return and Form 10 IEA before ...

Budget 2025 income tax expectations: Most personal tax experts are of the view that the government will phase out the old income tax regime in the coming years. However, they are divided on how soon.

And if journalists allow this to happen, if they allow owners and large conglomerations to repress and suppress what they have to say, they are also enabling the authoritarian regime," she said.