The proposed changes could substantially increase the disposable income available to both middle-class and high-income ...
Budget 2024 ushered in sweeping changes in the new tax regime, rejigging income tax slabs and hiking the standard deduction ...
With no income tax burden for income levels up to Rs 12.75 lakh, a large section of salaried taxpayers stands to benefit.
With Budget 2025 raising break-even limits, tax savings under the old regime seem tougher. But for salaried couples in ...
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 ...
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India Today on MSNOld tax regime: Time to let go after Budget 2025 changes?Many taxpayers preferred the old tax regime because it allowed them to claim deductions for expenses like house rent, home ...
Here are the slabs till now: The existing tax brackets under the Old Tax Regime remain in effect ... Section 24(b): Interest on home loan up to Rs 2 lakh. Senior citizens also get exemptions ...
The new, simplified tax regime is now a clear winner in the case of most tax slabs, show Deloitte calculations. In case of ...
Will the new tax regime put more money in your pocket, or should you stick with the old regime? Here is all you need to know.
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India Today on MSNOld vs New tax regime: Which one should you choose for income above Rs 12.75 lakh?What if you earn more than Rs 12.75 lakh? Should you pick the new tax regime for lower rates or stick to the old one for ...
The government’s latest tax overhaul of income tax slabs in Budget 2025 is aimed at introducing a more streamlined tax system ...
In her Budget 2025 address, FM Nirmala Sitharaman announced modifications to the new tax regime, such as the exemption of up ...
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