Starting April 1, 2025, individuals opting for the new income tax regime won't pay taxes on taxable income up to Rs 1 ...

Finance Minister Nirmala Sitharaman proposed new income tax slabs under the new tax regime, which went into effect on April 1 ...

Here is an example ... The income tax will be calculated on the net taxable income. You will be required to calculate income tax on Rs 18.75 lakh. The income tax calculation will start by calculating ...

April is the month when your employer asks you to choose between the old and new tax regime for TDS on salary for FY 2025-26.

With the new regime, the threshold of income above which income is exempt from taxation remains at Rs 3 lakh, but the slabs ...

From April 1, 2025, individuals with a tax income of Rs 12 lakh or less in the new taxation regime will not have to pay any tax.

Income tax filers claiming House Rent Allowance (HRA) exemptions must ensure compliance with Tax Deducted at Source (TDS) ...

On Thursday, March 27, Mississippi Republican Gov. Tate Reeves signed House Bill 1, an income tax elimination bill that will increase the rate of income tax elimination. The process could take ...

This article unveils the list of countries with the highest tax rates in the world, with figures standing at 50% or more.