Less: Exemptions on Salary income (other than HRA) which are not allowed under New Regime (e.g. Leave travel allowance, Education allowance, Hostel allowance etc.) Less: Exemptions on Salary ...

India's new tax exemption for salaries up to Rs 12 lakh sparked online debate about income levels. Finance Minister Nirmala ...

The balance is ₹14.75 lakh. Also Read: India’s ‘Google Tax’ move offers a sneak peek into what's to come in tariff quagmire: Report 2) The second income tax slab is between ₹4,00,001 ...

Under the new income tax regime, taxpayers can now avail of a standard deduction of up to Rs 75,000, which makes an annual ...

Under the new tax regime, individuals with annual income up to Rs 7 lakh can avail a rebate under Section 87A, meaning they ...

Indian income tax authorities have sent notices to domestic airlines, including IndiGo, and their lessors for rearranging leases through special purpose vehicles registered in Ireland in order to ...

The new tax regime provides lower tax rates and fewer deductions, eliminating the need for investment in tax-saving schemes ...