If an individual's actual total deduction in the old tax regime falls below this break-even level, the new tax regime becomes more advantageous. To illustrate this point, ET considers the example ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

Large individual taxpayers are still sticking with the old tax regime and some experts suggest that even with changes in the new income tax regime, the old one is still more advantageous.

(MENAFN- IANS) New Delhi ... earning up to Rs 3 lakh will pay no tax, and tax rates increase incrementally as income rises. However, under the old tax regime, the basic exemption limit was ...