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 ...

Click here to register New Vs Old Tax Regime: Understanding the break-even The optimal choice between the new income tax regime and the old income tax regime depends on the amount of deductions ...

In such a situation, they have the choice to opt for the old tax regime while filing the tax return, even though the employer withheld taxes based on the new tax ... breakeven point is the amount ...

New Tax Regime vs Old Tax Regime Slabs and Rates ... excluding the standard deduction—are less than Rs 8 lakh. This break-even level of Rs 8 lakh applies specifically to the 30% tax bracket ...

Zero tax up to ₹12 lakh as well as the attractive new tax slabs are only applicable to the new tax regime, but at the same ...

Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant income tax relief for the middle class in the Union Budget 2025, eliminating ...

Budget 2025 offers ₹60,000 rebate for incomes up to ₹12 lakh under new tax regime. (Representational image)(REUTERS) This makes the old tax regime, which has 5 per cent, 20 per cent ...

But a back-of-the-envelope calculation shows that Rs 15 lakh income, coupled with Rs 3.75 lakh deduction, is a break-even point What's the difference between the old tax and new tax regime and ...

To make it worse, taxpayers who have a business or professional income are not even allowed to switch to old tax regime every year. Once they switch back to the new regime two times, they won't be ...

These include a hike in the basic exemption limit to Rs 10 lakh and the introduction of a new tax slab of 25 ... the scales in favour of the old tax regime, even for higher income brackets.

New Delhi: In a major move to ease the tax burden on middle-class taxpayers, Finance Minister Nirmala Sitharaman on Saturday announced fresh tax slabs under the New Tax regime in the Union Budget ...

The budget’s biggest, shiniest takeaway: no tax ... regime. With the revised rates announced under the new regime, the old regime has been rendered useless for most taxpayers. As per the break ...