This means the tax computation takes place under the new tax regime, and if someone wants to file returns under the old tax regime ... provide tax exemptions for income gained via the Agnipath ...

Amidst the 2024 tax season, if you're keeping an eye on your taxes for next year, you're still keenly interested in what your ...

The old tax regime slabs and rates, on the other hand, were left unchanged. According to the finance ministry’s data, close to 72 percent of income taxpayers chose the new regime in the ...

The Direct Tax Code will overhaul the income tax laws, making them simpler and reducing legal complications and litigation for individuals, the government, and the industry.

As income levels increase, the tax benefits under the new regime diminish, making the old system a better choice in some cases. Using Tax Calculation Tools If you’re unsure which tax regime is ...

Union Budget 2025: Last year, Sitharaman in her budget speech proposed a new tax structure ... total annual income and total deductions. The tax calculation according to the details entered ...

First of all, you need to visit income ... tax calculation under both the systems (or known as regimes). If tax component under the old regime turns out to be more, you can opt out of the new ...

Introduced in 2020, the new tax regime became a default regime in 2023. To be able to file tax return under the old tax ...