The new tax regime was first introduced in Union Budget 2020-21 by inserting a new section, 115BAC, in the Income Tax Act for ...

Budget 2025 income tax expectations: Ever since Finance Minister Nirmala Sitharaman introduced the new income tax regime with reduced tax rates and almost no deductions and exemptions, salaried ...

Budget 2025: Finance Minister Nirmala Sitharaman announced the new tax slabs under the new tax regime, thus offering tax saving for taxpayers. There will no income tax for salaried taxpayers ...

A new tax break aimed at seniors may lighten the load on retirees’ Social Security income, but it’s not as sweeping or ...

Budget 2025: A shift to the new tax regime for all taxpayers and a flat 15 percent tax on fixed deposit interest are among the recommendations listed by the research wing of the largest bank in India, ...

President Donald Trump signed a sweeping piece of legislation that includes several of his campaign promises, including no ...

While Donald Trump may be waging war on some of the US’s most prestigious educational institutions, prompting educated ...

How some older adults could see federal income tax savings of $480 or more from a new senior "bonus" tax deduction, if it's ...

President Trump's "big, beautiful bill" included a "senior bonus," a new temporary tax deduction for Americans over 65.

Many taxpayers are unaware of the income tax slabs that will apply to their income under the new tax regime, which is necessary to calculate their tax liability. This is because the income tax slabs ...

The sweeping domestic policy bill that passed the House on Thursday will boost the standard deduction for senior citizens by ...

Budget 2025 income tax expectations: Most personal tax experts are of the view that the government will phase out the old income tax regime in the coming years. However, they are divided on how soon.