Introduced in 2020, the new tax regime became a default regime in 2023. To be able to file tax return under the old tax ...

With Finance Minister Nirmala Sitharaman announcing big rebates for taxpayers in the middle-income group under the new tax ...

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 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 ...

The new tax regime has been made as a default one, and the taxpayers will have to select the old tax regime if they wish to use it ... employed individuals may opt for the new tax regime based ...

Union Budget 2025: With income tax slabs becoming more attractive, it is quite tempting for the taxpayers now to choose a new tax regime over the old tax ... fall under and whether they are ...

While the old tax regime, with its deductions and exemptions, has been a longstanding feature, the government's push for the ...

Taxpayers must compare deductions under the old regime versus the new lower rates to determine the most beneficial option ... that you want to claim in a year under the old income tax regime.

Agrawal discussed a range of topics, including framing of tax proposals, and why he feels most taxpayers would opt for the ...

FM Nirmala Sitharaman announced major income tax relief, with no tax payable on income up to Rs 12 lakh. New tax regime to be ...

Opt for the old regime if you have substantial tax-saving investments (PPF, EPF, ELSS, NPS, home loan, insurance premiums) and can claim HRA benefits. Opt for the new regime if you do not have ...

In 2020, the Government of India introduced a new tax regime that offered concessional tax rates while scrapping most of the deductions and exemptions offered under the old tax regime. Most small ...