Tag: income tax regime
Budget 2024: Time to opt out of old tax regime? Explained
The message from Budget 2024 was loud and clear: say goodbye to the old income tax regime. Union finance minister Nirmala Sitharaman proposed three key…
Budget 2024: Standard deduction raised to Rs. 75,000 under new tax regime. How will it benefit salaried class?
While presenting the Union Budget for 2024-25 in the Lok Sabha, finance minister Nirmala Sitharaman announced an increase in the standard deduction for salaried employees…
Budget 2024 expectations: 8 expectations of salaried, individual taxpayers from FM Nirmala Sitharaman today
Finance Minister Nirmala Sitharaman will present the Union Budget 2024 today, July 23. As the third term of the Modi government begins with a less…
Budget 2024 income tax expectations: Move all exemptions, deductions to new tax regime, say salaried taxpayers
At present, taxpayers must choose between the old income tax regime, which includes deductions and exemptions, and the concessional or new income tax regime, which…
Start 30% tax slab at Rs 30 lakh in Budget 2024 to give inflation-relief to middle class: Expert view
Currently taxpayers have to choose between the old income tax regime, with its deductions and exemptions and the concessional tax regime, which offers lower tax…
Income Tax Bonanza in Budget 2024: Will FM Sitharaman make new tax regime attractive in Budget? Changes taxpayers want
The new income tax regime, also known as the concessional tax regime, is designed to offer lower tax rates for individual taxpayers compared to the…
Income tax relief: Will Budget 2024 increase standard deduction under new income tax regime?
The finance ministry is considering raising the standard deduction limit for income taxpayers under the new regime, without changing the tax exemption-heavy old regime. The…
Budget 2023: Swimming against the current
The Finance Minister presented the pre-election budget in the backdrop of recessionary global headwinds, serious concerns of inflation and supply chain constraints emanated from geo-political…
Exemption-less income tax regime under review, could see changes this Budget
Less than half a million taxpayers have opted for the new exemption-less income tax regime since its rollout, prompting a review to see if measures…