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Income tax disclosures in new fiscal year

March 17, 2025

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The New Indian Express Thiruvananthapuram

Since certain benefits are not applicable under the new tax regime, compliance is simpler compared to the old regime

- UMA KANNAN @Bengaluru

COME April 1, 2025, changes in the income tax slabs will come into effect under the new tax regime. While it is up to individual taxpayers to choose between the old and new tax regimes, the government has introduced various incentives, including nil tax liability for those who are earning up to ₹12 lakh, in order to encourage the adoption of the new tax regime.

Disclosures under new, old regimes

المزيد من القصص من The New Indian Express Thiruvananthapuram

The New Indian Express Thiruvananthapuram

The New Indian Express Thiruvananthapuram

Removal of GSP by EU impacts 2.6% of Indian exports: Commerce Min

WITH the European Union (EU) suspending the Generalised System of Preferences (GSP) for India from January 1, hardly 2.66% of India’s exports to the EU are likely to be impacted, clarified the Ministry of Commerce on Friday.

time to read

1 mins

January 24, 2026

The New Indian Express Thiruvananthapuram

Govt approves 5 companies in fourth round of PLI scheme for white goods

THE government has approved five applicants with a committed investment of 863 crore in the fourth round of the production-linked incentive (PLI) scheme for white goods.

time to read

1 min

January 24, 2026

The New Indian Express Thiruvananthapuram

100 karaoke booths to record ‘Vande Mataram’ for connecting youth

THE Centre has launched a national initiative to encourage public participation in commemorating Vande Mataram.

time to read

1 min

January 24, 2026

The New Indian Express Thiruvananthapuram

The New Indian Express Thiruvananthapuram

BUDGET MUST EXPEDITE PROJECT EXECUTION

AS we approach the Union Budget 2026, the conversation naturally turns to the significant numbers expected for national development.

time to read

2 mins

January 24, 2026

The New Indian Express Thiruvananthapuram

Cong goes on damage control in Bihar, J'khand

BIHAR was in focus on Friday as the Congress held a brainstorming session with its state leaders and dismissed reports that its six newly elected MLAs were preparing to desert the party.

time to read

2 mins

January 24, 2026

The New Indian Express Thiruvananthapuram

DOGS SUFFERING IN GAP BETWEEN PLAN AND ACTION

THOUGH the Supreme Court has vacillated on the issue of stray dogs in recent times, it has not ordered their killing.

time to read

1 mins

January 24, 2026

The New Indian Express Thiruvananthapuram

Indian Army’s operational readiness to be on display at R-Day parade

IN its first Republic Day parade since Operation Sindoor, the Indian Army is all set to showcase its ongoing transformation and operational readiness, debuting newly inducted units and modern battlefield capabilities.

time to read

1 mins

January 24, 2026

The New Indian Express Thiruvananthapuram

The New Indian Express Thiruvananthapuram

Basant Panchami prayers, namaz at Bhojshala peaceful

THE rare but sensitive coincidence of Basant Panchami falling on Friday, passed off peacefully in the communally sensitive Dhar town of Madhya Pradesh.

time to read

1 min

January 24, 2026

The New Indian Express Thiruvananthapuram

The New Indian Express Thiruvananthapuram

IndusInd chairman Mehta steps down; Basu to succeed

PRIVATE sector lender IndusInd Bank has said its nonexecutive chairman and director Sunil Mehta (Pic) will step down on January 30 on completion of his tenure.

time to read

1 min

January 24, 2026

The New Indian Express Thiruvananthapuram

'Namaste' from humanoid robot to greet passengers at Visakhapatnam station

A ripple of surprise will soon move through Visakhapatnam Railway Station when a humanoid figure raises its palms in a Namaste and scans the crowd with calm precision.

time to read

1 min

January 24, 2026

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