New changes in income tax rules from April? FinMin clarifies
The government clarifies the new tax regime is the "default tax regime"
new tax regime
April 2024
February 2024
February 2023
January 2023
August 2022
January 2022
February 2021
Save More Under New Tax Regime
Finance minister has proposed major tax reforms in a push to the new tax regime. Here's how much you can save.
Tax benefits for the middle class could help improve demand: CRISIL
Rejigging of personal tax rates will lead to increased disposable income in the hands of consumers, which should increase the sales of two-wheelers and entry-level cars, says CRISIL.
Budget 2023 Tax Reforms: How much taxes do you save?
When compared with the old tax regime, income tax rates under the new proposed tax regime are undoubtedly higher, says Aarti Raote of Deloitte India.
Why the new tax regime is the future: Deloitte
The new tax regime will be the default one while citizens will have the option to be in the old tax regime that operates on exemptions.
Budget 2023: EY India suggests nil tax on income up to ₹5 lakh under new regime
The new concessional tax regime will become attractive for the tax payers if income up to ₹5 lakh annually is exempt from taxation, says EY India.
Did corporate tax cut of 2019 lead to tax, GDP boom?
A parliamentary panel estimates a loss of ₹1.84 lakh crore due to the 2019 corporate tax cut in the first two fiscals of FY20 and FY21 alone
Budget 2022: Govt reviews new personal tax slabs, incentives likely
The new slabs – with lower taxes – were offered to those taxpayers willing to forego certain deductions and exemptions. But response has been tepid.
Budget 2021: Striving for tax equilibrium
The changes in the Finance Bill are aimed at ensuring greater transparency in tax administration, resolving disputes, and integrating India into the global supply chain.
