Wed, Apr 17, 2024
Income tax: As per CA Ruchika Bhagat, MD, Neeraj Bhagat & Co., choosing the right tax regime from the old tax regime and the new tax regime can help taxpayers save more tax.
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Mon, Apr 01, 2024
The finance ministry said on Monday that there is no new in the new tax regime from 01.04.2024. "The new tax regime under section 115BAC(1A) was introduced in the Finance Act 2023, as compared to the existing old regime (without exemptions)," the ministry said in a tweet on X.
Thu, Mar 28, 2024
Tax Saving Tips: There are two tax regimes under which to file your income tax return since the new tax regime was launched in the 2020 budget. When it was launched, you could choose between the old and new tax regimes, but after Budget 2023, the new tax regime has become a default option. This means, as a new taxpayer, your income tax will be filed under the new tax regime automatically.
Fri, Feb 03, 2023
"Considering that standard deduction will be available to salaried taxpayers in the new regime, effectively a salaried employee with an income of Rs 7.50 lakh would not be required to pay any tax," Central Board of Direct Taxes (CBDT) Chairman Nitin Gupta said.
Thu, Feb 02, 2023
Nitin Gupta, Chairperson, CBDT and Vivek Johri Chairman, CBIC talks about the changes in the tax slabs, how the restructuring of tax regimes can benefit the masses, and the impact of inflation on GST collection.
Has the Union Budget 2023 met comman man's expectations? How much relief did the common man get from the new tax regime? Know the general public's opinion on the budget, Watch the mega analysis of the budget on Zee Business.
Wed, Feb 01, 2023
What are the top 10 key highlights of budget 2023? What did Revenue Secretary Sanjay Malhotra say about the new tax regime? Watch this exclusive conversation of Swati Khandelwal with Revenue Secretary Sanjay Malhotra.
What announcements were made regarding taxpayers in this budget? What did the common man get from this budget? How much relief did the common man get from the new tax regime? Watch the full analysis of the budget on tax with Swati Raina.
Budget 2023: The number of tax slabs have been reduced from 7 to 5 and the tax exemption limit is increased to Rs 3 lakh.
Budget 2023: Tax bracket has been revised, FM Sitharaman said there will be no income tax for individuals earning upto Rs 7 lakhs.
New Income Tax Regime: It offers seven tax slabs with prevailing rates reduced on income up to Rs 15 lakhs.
Wed, Nov 30, 2022
Budget 2023: In 2020, the government proposed a new tax regime for taxpayers.
Mon, Feb 05, 2018
The tax will be levied only upon transfer of the long-term capital asset on or after 1st April, 2018, as defined in clause (47) of Section 2 of the Act.
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