With the difference in tax rates growing between the two tax regimes, there are now fewer people who would go for the old tax regime now. Although the new tax regime offers concessional tax rates ...

income tax in the new tax regime is 0 whereas in the old regime tax would be ₹1.8 lakh. The key difference between the old and new tax regime is that the old regime allows taxpayers to claim tax ...

Since the difference between the basic exemption limit under the old and new tax regime is Rs 1.50 lakh, which is the amount of deduction available under Section 80C, even for those who claim ...

As Union Budget 2025 looms on the horizon, speculation is rife regarding the potential introduction of a new income ... The key difference between the two regimes is that the Old Tax Regime ...

It remains at flat Rs 50,000 under the old tax regime. Choosing between the old and new tax regimes When deciding between the old and new tax regimes, assess both and choose the one suited best as ...

While both the old and new regimes have ... eligible for in the old tax regime. The breakeven point is the amount at which there will be no difference in tax liability between the two tax regimes.

12 lakhs for rebate under Section 87A under the new tax regime. For whom the old tax regime still works? Since the difference between basic exemption limit under old and new tax regime is Rs.

New Income Tax Slabs: The revised tax structure requires individuals with an income above ₹24 lakh to pay 30 per cent income tax. (HT Photo ... between two tax systems - the old tax regime ...

Whether you’re a salaried professional or a self-employed individual, making the right choice between ... the new regime’s broader zero-tax threshold could be advantageous. Is there a standard ...