Remember, the new tax regime is the default tax regime. Hence, the basic exemption limit of Rs 3 lakh will be applicable for all taxpayers. According to income tax laws, income tax return filing is ...

One of the key changes could be an increase in the basic exemption limit from Rs 3,00,000 to Rs 3,50,000. If the Centre approves it , this would provide relief to individuals by boosting ...

Increase basic exemption limit to Rs 5-10 lakh Some reports have suggested that the government could consider increasing the basic exemption limit under the new tax regime from Rs 3 lakh to Rs 10 ...