standard deduction News

How to Pay Zero Income Tax on a Rs 13.7 Lakh Salary in 2025-26: A Guide to the New Tax Regime

The 2025-26 income tax regime introduces a zero tax liability for incomes up to Rs 13.7 lakh for salaried individuals, thanks to a Rs 75,000 standard deduction and NPS investments....

Government Considers Major Income Tax Reforms: Higher Thresholds and New Slabs

The government is considering major income tax reforms, including raising the threshold and restructuring slabs, to provide relief to taxpayers. Proposals include higher concession...