Tag: new income tax regime
Posted in Finance
Income Tax in Budget 2024: Will standard deduction limit be hiked from Rs 50,000 to help salaried taxpayers?
Standard deduction is one of the most widely used deductions as salaried taxpayers can claim it without making any investments. There has been a longstanding…
Posted in Business
New tax regime, other rules to kick in from Apr 1: What taxpayers need to know
As is the case with each financial year (FY), the upcoming FY (2023-24) will also begin on April 1. The announcements made by finance minister…
Posted in Economy
India’s new income tax regime brought in to simplify country’s direct tax system, FM Sitharaman says
India’s exemption-less tax regime, which is expected to see half of taxpayers migrating to, has been brought in to simplify the direct tax system in…
Posted in Finance
Income Tax Budget Expectations: Budget 2023: If income tax relief is given in new tax regime, what happens to the old one?
If media reports that the new tax regime is likely to be made more attractive in the coming budget 2023 prove correct, then it is…