"New Tax Regime"
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New income tax regime, other list of Income tax rule changes from April 1, 2023According to the announcement made by finance minister Nirmala Sitharaman in her annual budget speech on February 1, the new tax regime will be the default system to file returns under.DNA - Published | |
Explained: What Is Marginal Tax Benefit Announced By FM For Small Taxpayers? How Will It Benefit Them?Finance Ministry announced to offer a marginal tax relief to small taxpayers under the new tax regime. This relief will be available from April 1, 2023 for the financial year of 2023-24.Zee News - Published | |
Income tax 2023: Know 4 exemptions under new tax regimeIt is significant to note that if a taxpayer chooses the new tax system, they will not be able to take advantage of deductions like Section 80C, Section 80D, and others.DNA - Published | |
Lok Sabha Passes Finance Bill 2023 With 64 Amendments; Marginal Relief Proposed Under New Tax RegimeSitharaman also announced that a new committee will be set up under Finance Secretary to look into the National Pension System (NPS) for government employees. So far, Punjab, Rajasthan, Chhattisgarh,..Zee News - Published | |
Online Gaming Industry Appeals Government to Advance Implementation Changes in TDS Regime to April 1, 2023*E-Gaming Federation (EGF)*, an organization representing top online skill gaming operators in India, applauded the government for the proposed amendments in TDS on net winnings from online gaming,..NewsVoir - Published | |
Income tax calculator for new tax regime vs old tax regime launched, check how much tax you will payITR filing: Taxpayers have to enter information related to their salary and deduction. The tax calculator will then reveal the tax savings under both regimes.DNA - Published | |
Income Tax Calculator is LIVE Now --Here is How to Calculate Old Tax Regime Vs New Tax Regime Tax LiabilityHere is the Step by Step Process on How to Calculate Old Tax Regime Vs New Tax Regime Tax Liability.Zee News - Published | |
New Tax Regime to Benefit Middle Class; Leave More Money in Their Hands: FMSitharaman in her latest Budget proposed to extend the Rs 50,000 standard deduction benefit to persons opting for the new tax regime.Zee News - Published Also reported by •IndiaTimes | |
New tax regime will leave higher disposable income, says Sitharaman in Lok SabhanewKerala.com - Published | |
New tax regime sops may cut donationsIndiaTimes - Published | |
New Income Tax Regime 2023: Tax deduction to claim under new tax regime from April 1In her Budget 2023, Finance Minister Nirmala Sitharaman put a strong emphasis on improving the appeal of this tax structure.DNA - Published | |
Real Estate Stalwarts Applaud Urban Infra Push in Union Budget 2023 The Union Budget 2023-24 includes a swathe of favourable policies and reforms that promise a considerable boost to urban infrastructure and affordable housing. For example, the outlay of PM Awas Yojana..NewsVoir - Published | |
Old Tax Regime Vs New Tax Regime: Which is Better For You? Check What Expert SaysOld Tax Regime Vs New Tax Regime: Tax payers are in a dilemma as to which option will be beneficial for them. Read on to find your suitable option.Zee News - Published | New Tax Regime 2023: Revamped I-T Regime to Get 'Fabulous' Response, Says Income Tax OfficialThe new tax regime will be more beneficial for a person who does not have enough investments to claim I-T deductions.Zee News - Published |
Union Budget 2023: 1cr in Rs 5-7L income range to gain from new tax regimeClose to one crore individuals in the Rs 5-7 lakh income range stand to gain from the government’s decision to increase the rebate level to Rs 7 lakh under the new tax regime, data available with the..IndiaTimes - Published | Income Tax Rule 2023: Did New Slabs Confuse You Regarding ZERO Tax on Income up to Rs 7 Lakh? Check This Tax ComputationIn order to address the confusion amongst people on the proposed slab rates of the new tax regime and also how Rs 7 lakhs is going to be tax free, here is the reference point that needs to be..Zee News - Published |
Move to new tax regime stokes concern over investments in insurance, mutual fundsnewKerala.com - Published | New tax regime not for the middle class, says Mumbai-based civic activistMumbai-based civic activist believes the new tax regime would eventually end the habit of saving, but industrialists see it as an opportunity for investment in safe assets, like homeMid-Day - Published |
Budget 2023: Finance minister says no tax on income up to Rs 7 lakhBasic exemption limit raised to Rs 3 lakh from existing Rs 2.5 lakh and standard deduction of Rs 50,000 allowed under new tax regime; expert says move a push to make salaried class shift from old oneMid-Day - Published | FM Sitharaman applies Amrit-anjan balm to give middle class reliefFinance minister Nirmala Sitharaman on Wednesday said the Union Budget 2023 seeks to make it more attractive for individuals to move to the new tax regime and is aimed at benefiting the middle class...IndiaTimes - Published |
Switch hit: FM Sitharaman bats for new tax regimeFinance minister Nirmala Sitharaman has given the beleaguered tax-paying middle class a shot in the arm while seeking to make the new income tax regime more attractive. She has proposed incentives for..IndiaTimes - Published | New tax regime may not be necessarily beneficial for all taxpayers: ExpertsnewKerala.com - Published |
Income Tax New Slabs: How much tax can you save? Read these calculationsAfter the announcement of the Union Budget 2023, the new tax regime has brought on many benefits for the salary class people when it comes to savings.DNA - Published | Union Budget 2023: What is New Tax Regime and its income tax slabs? Know how much tax you'll payThe introduction and implementation of the New Tax Regime will take place after the announcement of the Union Budget 2023 today.DNA - Published |
Budget Relief: No tax for income up to Rs 7L in new tax regimenewKerala.com - Published | 'Substantial changes' made in personal I-T in Budget, new tax regime now more attractive: SitharamanThe Budget 2023-24 has proposed changes in the optional tax regime, which was introduced in 2020-21.Speaking to reporters after presentation of the Budget, Sitharaman said the country has been waiting..IndiaTimes - Published |
#Middleclass trends on Twitter after Budget 2023 revealed no income tax up to Rs 7 lakh, netizens share best memesBudget 2023: Finance Minister has also announced five slabs in the new tax regime.DNA - Published | New tax regime vs old : How much tax will you saveNew income tax regime explained: Which income tax regime should you opt for? We analyse the income tax outgo in the existing regular income tax regime, the current concessional income tax regime, and..IndiaTimes - Published |
Budget 2023: `Huge Relief to Middle Class`, Says Rajnath as FM Sitharaman Increases Income tax Rebate limitIn the Budget for 2023-24, Finance Minister Nirmala Sitharaman tweaked the slabs to provide some relief to the middle class by announcing that no tax would be levied on annual income of up to Rs 7 lakh..Zee News - Published | New Income Tax Slabs explained: Who will pay zero tax? How much tax will you pay with Rs 9 lakh salary?The new Income Tax slab will only be applicable on those who opt for the new tax regime. This means those who use the old tax regime will have to pay taxes according to the old tax structure.DNA - Published |
Income Tax Slabs in Union Budget 2023-24: Zero tax for income up to Rs 7 lakhThe Union Finance Minister Nirmala Sitharaman announced that income tax rebate limit increased to Rs 7 lakh in new tax regime.DNA - Published | Income Tax 2023: Difference between old tax regime, new tax regime? Details of old and new tax slabsIncome Tax 2023, old tax slab vs new tax lab: Under the new system, if your salary is Rs 6 lakh, your tax liability will be Rs 23,400.DNA - Published |
Biocon Q2FY23 Revenue at Rs. 2,384 Cr., Up 23 percent; Core EBITDA at Rs. 816 Cr., Up 34 percent Gross R&D Spend at Rs. 252 Crore, Up 52 percent *Biocon Ltd.* (BSE code: 532523, NSE: BIOCON), an innovation-led global biopharmaceuticals company, today announced its consolidated financial results for the second quarter ended September 30,..NewsVoir - Published | Mumbai: BMC to miss property tax target againWith just Rs 904 cr collected until October, civic body likely to miss Rs 7K cr goal; blames non-implementation of new tax regimeMid-Day - Published |
Finland: Finland Plans To Introduce Exit Tax For Private Individuals As Of 1 January 2023 - HPP AttorneysThe new tax regime is targeted to combat aggressive tax planning but is an exit tax the correct measure given the points raised by the critics.Mondaq - Published | Finance ministry will review tax regime free of exemptionsThe finance ministry is proposing to soon review the exemption-free new tax regime with a view to making it more attractive for individual income taxpayers, sources have said.IndiaTimes - Published |
EPFO New Tax Regime: 10 important things subscribers should know about new rulesAccording to the latest changes in EPFO rules, investors will now have to pay tax on interest on provident fund (PF) contributions starting April 1, 2022.Zee News - Published | Crypto tax after March 31: Should you withdraw or stay put?Cryptocurrencies are soon going to be taxed in the same way the government taxes lottery winnings. The decision was made public during the Budget 2022 speech. The new tax regime is worrying investors..BGR India - Published |
Decision to ban cryptocurrencies in India still pending: Finance MinisterDuring the Budget session this year, the Finance Ministry touched upon the very sensitive topic of cryptocurrencies. Finance Minister Nirmala Sitharaman announced a new tax regime for digital assets...BGR India - Published | Exemptions list in new tax regime may get longerIndian Express - Published |
TDS deduction: Employees should inform employers about intention to opt new tax regime, says CBDTCBDT said an employee intending to opt for concessional rates of income tax as provided in the Budget 2020 may intimate the deductor or his employer of such intention.Zee News - Published | Lowest ever GST on imports in MarchThe government managed to rake in just over Rs 18,000 crore through integrated GST (IGST) on imports in March, the lowest since the new tax regime kicked in 30 months ago, indicating that collections..IndiaTimes - Published |
From new tax regime to definition of NRI: Here are the changes in I-T rules in new financial yearHere are the changes in tax rules you should know as we enter the new financial year (FY).DNA - Published | |
