You can use income tax calculator to compute income tax under both the regimes i.e., new tax regime and old tax regime, ...
It is recommended to use the income tax calculator that computes the tax under both the regimes (old and new) before you can ...
For individuals earning Rs 15 lakh annually, opting for the old tax regime can result in tax savings of up to Rs 48,100, ...
A major change introduced in the Finance Bill 2025 is restructuring the New Income Tax regime to provide more take home to salaried employees and encourage them to spend or invest further. The change ...
In her Budget 2025 address, FM Nirmala Sitharaman announced modifications to the new tax regime, such as the exemption of up to Rs 4 lakh from basic tax. The old tax regime was kept unchanged.
Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant ...
Experts suggest that 'Modi 3.0' may introduce measures to make the new income tax regime more appealing to taxpayers.
The new, simplified tax regime is now a clear winner in the case of most tax slabs, show Deloitte calculations. In case of ...
The new income tax law will be easier to understand, free of outdated provisions, and aims to encourage taxpayers to switch ...
FM Nirmala Sitharaman announced major income tax relief, with no tax payable on income up to Rs 12 lakh. New tax regime to be ...
However, to be able to make that decision, they first need to compute income tax under both the regimes — new and old — for a year and then choose the one that leads to a lower tax outgo for ...
The government introduced a new tax regime of lower tax rates in Budget 2020, which continues in FY 2025-26. In Budget 2025, the government pushed for the adoption of the new tax regime of lower tax ...