7don MSN
In Budget 2025, the government opted not to modify the existing tax regime or introduce any new deductions. Finance Minister ...
What if someone earning above Rs 12.75 lakh annually chooses the old regime and claims the maximum deductions? Will it result ...
The proposed changes could substantially increase the disposable income available to both middle-class and high-income ...
Save more tax in old tax regime by claiming up to Rs 8.5 lakh tax deductions for a salary income up to Rs 25 lakh. Moreover, ...
4d
ABP Live on MSNOld Tax Regime Vs New Tax Regime: Which One Offers Better Deductions?Union Finance Minister Nirmala Sitharaman explained that these revisions are designed to increase disposable income, ...
The new tax regime simplifies income tax, but with fewer deductions in play, taxpayers must make the most of the available ...
Introduced in 2020, the new tax regime became a default regime in 2023. To be able to file tax return under the old tax ...
the old tax regime has enough room for claiming deductions under Chapter VI-A against various allowances forming part of salary (e.g., HRA, LTA, etc) and also for specified investments or expenses ...
New system's simplicity, reduced tax liability, increased disposable income potential 'make it a formidable alternative' ...
Despite the removal of many benefits, certain allowances remain exempt under the new tax regime, providing some relief to ...
Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant ...
Individuals earning up to Rs 12,00,000 per annum exempted from income tax; salaried taxpayers get additional Rs 75,000 ...
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