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 tax regime, introduced under Section 115BAC of the Income Tax Act, 1961, was designed to make taxes simpler by ...

Are you left scratching your head about the changes in tax slabs in the new regime announced in Union Budget 2025? Wondering ...

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 ...

For individuals who do not invest heavily in tax-saving instruments, the new tax regime could be more beneficial due to lower tax rates and a higher exemption limit. However, those who claim multiple ...

The new tax regime has indeed become more appealing over the years, but many taxpayers still find that their tax outgo is lower under the old tax regime for the financial year 2024-25. On July 23 ...

As the gap between the tax rates in the old and new regimes widens ... there are still specific cases where the old tax regime could be more beneficial. Employees receiving a substantial house ...

Many taxpayers preferred the old tax regime because it allowed them to claim deductions for expenses like house rent, home ...

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

In Budget 2025, the government opted not to modify the existing tax regime or introduce any new deductions. Finance Minister ...

With a higher tax-free threshold and lower rates, the new tax regime looks more appealing but does the old regime still hold any advantages?