Income tax is charged on most types of income but tax allowances protect some from the taxman. If you earn money from a job, you will have to pay tax once you breach the tax-free allowance. If you get ...

The income tax basic exemption limit has been hiked to Rs 4 lakh from Rs 3 lakh under the new tax regime in Union Budget 2025-26. The basic exemption limit under the new tax regime was last hiked in ...