If you are still confused about which tax regime to choose after Budget 2025 proposals, here is how to choose between the old ...
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. It is to be noted that while the new regime provides a lower tax ...
With no income tax burden for income levels up to Rs 12.75 lakh, a large section of salaried taxpayers stands to benefit.
Are you left scratching your head about the changes in tax slabs in the new regime announced in Union Budget 2025? Wondering ...
As the Finance Minister presented the Union Budget 2025, taxpayers are left pondering: Old Tax Regime or New Tax Regime? Which one should one opt for? With changes to income tax slabs for FY26.
Then, you can choose the category of taxpayer (individual ... Now, there are columns for deductions allowed under the new tax regime, followed by a similar column under the old tax regime.
The proposed changes could substantially increase the disposable income available to both middle-class and high-income ...
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 new, simplified tax regime is now a clear winner in the case of most tax slabs, show Deloitte calculations. In case of ...
Income Tax Calculator: During Budget 2025, Union Finance Minister Nirmala Sitharaman announced new tax rates, offering relief to the salaried taxpayers. With a higher tax rebate of upto ₹ 60,000 ...
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 ...
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 ...