What if someone earning above Rs 12.75 lakh annually chooses the old regime and claims the maximum deductions? Will it result ...

Union Finance Minister Nirmala Sitharaman explained that these revisions are designed to increase disposable income, ...

Save more tax in old tax regime by claiming up to Rs 8.5 lakh tax deductions for a salary income up to Rs 25 lakh. Moreover, ...

The proposed changes could substantially increase the disposable income available to both middle-class and high-income ...

The new tax regime simplifies income tax, but with fewer deductions in play, taxpayers must make the most of the available ...

the old tax regime has enough room for claiming deductions under Chapter VI-A against various allowances forming part of salary (e.g., HRA, LTA, etc) and also for specified investments or expenses ...

This restructuring aims to simplify taxation, while the Old Regime continues to provide tax benefits through various exemptions and deductions. The proposed income tax slabs in the Union Budget ...

New system's simplicity, reduced tax liability, increased disposable income potential 'make it a formidable alternative' ...

Despite the removal of many benefits, certain allowances remain exempt under the new tax regime, providing some relief to ...

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 ...

Individuals earning up to Rs 12,00,000 per annum exempted from income tax; salaried taxpayers get additional Rs 75,000 ...

For individuals who do not invest heavily in tax-saving instruments, the new tax regime could be more beneficial due to lower ...