Key amendments introduced under the new tax regime for FY 2025-26 (AY 2026-27) 2. No Tax upto 12 lakh Enhanced Tax Rebate (Section 87A): The tax rebate under Section 87A has been enhanced and ...

Do you follow the new tax regime or the old tax regime? Will you switch to the proposed new tax regime once it is implemented ...

During the Union Budget 2025 presentation, sweeping changes to the nation’s tax structure were announced. The revised regime ...

One of the key changes is the increase in TCS on foreign remittances under the Liberalized Remittance Scheme (LRS), which has ...

With just a few weeks to go before the end of the tax year on 5 April, what are the financial planning aspects to consider ...

No more running after proofs, no more figuring out which investment saves the most tax. Just take your total income, slap on the tax rate, and boom—you’re done. No last-minute scrambling, no endless ...

officially making the new tax regime the default. However, taxpayers can still opt for the old tax regime if they choose. With a focus on digital compliance, transparency, and efficient tax ...

the new regime typically offers a higher take-home pay. The comparison between the new and old regimes for different salary levels shows variations in tax liability and in-hand income.

The proposed new tax regime will be implemented from April 1, 2025. An income up to Rs 12,75,000 will be tax-free for ...

PIT collection as a share of GDP surged, new tax regime introduced, simplification exercise in new Income Tax Bill.

South Africans living in the UK face significant tax changes from April 2025, as the non-domiciled tax regime is abolished.

With no changes made to the old tax regime in this year’s Budget, taxpayers must carefully evaluate their financial situation to decide whether to stick with it or transition to the new system.