With Budget 2025 raising break-even limits, tax savings under the old regime seem tougher. But for salaried couples in ...
The proposed changes could substantially increase the disposable income available to both middle-class and high-income ...
The new tax regime starting FY 2025-26 offers tax exemption for earnings up to Rs 12.75 lakh annually. Despite the new ...
With no income tax burden for income levels up to Rs 12.75 lakh, a large section of salaried taxpayers stands to benefit.
What if someone earning above Rs 12.75 lakh annually chooses the old regime and claims the maximum deductions? Will it result ...
For high earners, the new tax regime generally offers more savings, but those with significant deductions may still prefer ...
However, the law provides such taxpayers one single option of switching ... consider tax savings deductions and exemptions available under the old tax regime. Which is better, the old or the ...
With key updates in 2023 Budget, taxpayers are left wondering which tax regime—old or new—offers best savings for their financial situation?
Switching between the Old Regime and the New Regime is possible for individuals, allowing their annual tax regime to ...
The old tax regime, which remains unchanged in the 2025 Budget, allows taxpayers to claim various exemptions such as House Rent Allowance (HRA), deductions under Section 80C (like for life insurance ...
By investing in NPS and applying standard deduction of Rs 75,000, taxpayers earning Rs 13.7 lakh salary can pay zero tax; ...