It is recommended to use the income tax calculator to assess the exact income ... Now, you need to enter the gross salary after deducting the allowances that are exempted under both regimes.

Check out our ready reckoner for various income levels above ₹12 lakh and the amount of tax that you'd save by moving into ...

and income tax after relief under section 87A. 6. Finally, this calculator will show the calculation of tax liability and show tax savings in the new regime.

There will be zero income tax up to an annual income of ₹12 Lakh under the new tax regime, FM Sitharaman has announced.

Budget 2025 prioritised three key areas: reviving consumption amid a notable slowdown, keeping inflation in check through a ...

Hence, the most important question that is there in the minds of salaried income taxpayers is - after Budget 2025 which income tax regime is ... needs to follow is: calculate the total exemptions ...

Experts suggest that 'Modi 3.0' may introduce measures to make the new income tax regime more appealing to taxpayers.

If you are employed, then your HR and payroll department would calculate the income tax before giving salary and would send ...

Budget 2025 extends the time limit for filing updated ITRs from 24 months to 48 months, but taxpayers filing late may have to ...

Millions of taxpayers face paying more income tax due to frozen tax allowances. We explain how income tax is calculated.

I started taking child benefit again in April, after the threshold for removing it was changed from £50,000 to £60,000.