The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...

Budget 2025 has made income up to ₹12 lakh effectively tax-free under the new tax regime. The Finance Minister increased the ...

JCIT (A) upheld the CPC’s action, stating that under section 115BAC, once the option for the new regime is exercised, it cannot be withdrawn for the current year, only for subsequent years. However, ...

He also cited the new tax regime (NTR), where there are no deductions or exemptions ... it again comes back in some form ...

It is advocated by the Government that 75% of the assessees have moved to the New Tax Regime, which is not out of love and ...

The new tax regime was introduced in the 2020 Union Budget ... provision of incorporating certain key deductions into the new format,” said Siddharth Maurya, Founder & Managing Director of ...

Finance Minister Nirmala Sitharaman announced new tax slabs in the new tax regime 2025, so there will be no income tax for ...

Do you know that a large part of your earnings goes in the form of tax? But now this will not happen! The central government has made such changes in the new tax system that will leave more money in ...

About 74 per cent of the people have already adopted the new tax regime. I am sure that with ... it again comes back in some form through taxes. So, basically, it is an integrated sort of exercise ...

Ravi Agrawal, in a post-Budget interview, pointed out that the income tax payment provisions announced in Budget 2025 not ...

Anyone earning Rs 2.5 lakh or more in India must file an ITR. This rule applies to everyone, not just high-income earners.