It leaves open questions about which of these tax structures is going to be more favourable to various categories of taxpayers under Budget 2024 radical changes in the income-tax regime. Finance ...

This was never going to last. Such seemingly stable orders never do. The centuries-long history of capitalism shows that ...

Old Vs New Tax Regime: Taxpayers are widely expecting the government to hike basic tax exemption limits under both the new and old tax regimes in the upcoming budget. Under the old tax regime, the ...

The amount of taxes you pay is likely to change ahead. Finance Minister Nirmala Sitharaman in her budget speech has made key major announcements for hard-working middle-class citizens who pay taxes.

New income tax regime vs old tax regime: One must remember that the new income tax regime is now the default tax regime and in case you don’t tell your employer your chosen tax regime, your TDS will ...

Rather, it gave taxpayers both the new and old tax regimes while filing taxes. A lot of taxpayers still opt for the old tax regime. However, many are confused about the selection between the new and ...

Finance Minister Nirmala Sitharaman, in the Union Budget 2023-24, has proposed several changes to the personal income tax system with an aim to benefit taxpayers. The income tax rebate limit has been ...

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.

Since the Centre made the New Tax Regime the default tax system in 2023, there has been many reports on which tax system is better and what to choose. The government introduced a new tax regime, known ...

The month of April is considered crucial as employees have to make sure that they choose the right income tax regime for maximum saving. If employees do not inform about their tax regime choice, TDS ...

Tax experts say the government is actively promoting the new tax regime, which will now be the default tax regime. Old vs New Income Tax Regime: Hit hard by the high inflation and the rising cost of ...

'If a taxpayer opts for the new tax regime once, he can only switch back to the old tax regime once in his lifetime.' Illustrations: Dominic Xavier/Rediff.com Several changes were made to the new ...