As the Union Budget 2026-27 approaches, there is growing anticipation among taxpayers and tax experts that the central government could further expand the scope of the Section 87A rebate and increase ...

New Tax Regime vs Old Tax Regime: In a major relief for India's middle class, Finance Minister Nirmala Sitharaman unveiled sweeping changes to the new income tax regime during the Union Budget 2025 ...

Annual income of up to Rs 12 lakh: The new regime results in zero tax because of the interplay between rebate and standard deduction. Annual income of Rs 15–30 lakh, the gap remains wide unless the ...

Several income sources in India are fully tax-free under specific rules, including agricultural earnings, certain investments, and retirement benefits.