The new tax regime simplifies income tax, but with fewer deductions in play, taxpayers must make the most of the available ...
In the Budget 2025, Finance Minister Nirmala Sitharaman increased the income tax rebate limit from Rs 7 lakh to Rs 12 lakh in ...
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In Budget 2025, the government opted not to modify the existing tax regime or introduce any new deductions. Finance Minister ...
The proposed changes could substantially increase the disposable income available to both middle-class and high-income ...
Introduced in 2020, the new tax regime became a default regime in 2023. To be able to file tax return under the old tax ...
Individuals earning up to Rs 12,00,000 per annum exempted from income tax; salaried taxpayers get additional Rs 75,000 ...
The new tax regime starting FY 2025-26 offers tax exemption for earnings up to Rs 12.75 lakh annually. Despite the new ...
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, ...
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Earn over Rs 12.75 lakh? You can still pay zero tax under new regimeWith a standard deduction of Rs 75,000 under the new regime, salaried taxpayers earning up to Rs 12.75 lakh annually do not ...
Standard deduction is a flat deduction available on the salary income that helps reduce the taxable income of a t ...
In this write-up, we will analyze which tax regime — old or new — is more advantageous for individuals with an annual income ...
The new income tax regime became the standard tax regime in Budget 2023-24. Standard Deduction: Salaried employees and pensioners can avail a standard deduction of Rs 75,000. Retirement Benefits ...
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