regime

Oliver Dowden, the new deputy prime minister, will this week seek to clarify Britain’s new foreign investment regime after complaints about its opacity.Sky News understands that the Cabinet Office will publish new guidance on…

NEW DELHI: Indian economy has been showing signs of transition to a low-inflation regime since the second half of the 2022-23 financial year, even as global factors played a big role in the movement of inflation to a high regime from the…

Taxpayers must note that if you are an employee, and fail to choose between the new and old tax regime, you will have TDS cut at the new regime rates. Taxpayers who wish to opt for the old tax regime to retain their tax benefits must make…

Taxpayers can also get a deduction against the employer’s contribution to the central government’s pension plan under both regime. Income Tax: The government has brought in some changes to the new tax regime to make it more attractive to…

With the onset of new financial year on April 1, several new income tax laws like the new tax regime being set as the default one to the increase in the tax rebate limits, came into effect. Under the new tax regime, an individual…

Last Updated: April 13, 2023, 22:27 ISTFile photo of Prime Minister Narendra Modi (R) and his UK counterpart Rishi Sunak. (Image: Reuters)In the ninth round of talks, the key focus on trade would be on the following sectors - food and…

Representational image only. With the beginning of the financial year 2023-24, it is important for employees to choose between the old- or new tax regime by this month itself, according to Abhishek Murali, former president, All India Tax…

Last Updated: April 12, 2023, 08:13 ISTCheck Income Tax Rules That Have ChangedIf an employee fails to choose between the new and old tax regime, the employer will take the new income tax regime as default? Know moreThe Central Board of…

Individual taxpayers have the option to select whether they want to be in the old tax regime.If intimation is not made by the employee, it shall be presumed that the employee continues to be in the default new tax regimeThe income tax…

NEW DELHI: The Income Tax Department on Wednesday said employers will have to seek details from employees about their preference for tax regime in the current fiscal and deduct TDSaccordingly.In case an employee does not intimate his/her…