With Budget 2025 raising break-even limits, tax savings under the old regime seem tougher. But for salaried couples in ...

As per the Old Tax Regime which allows deductions under ... Senior citizens also get exemptions such as HRA and LTA. Tax Slabs Under the New Tax Regime which is applicable in the financial year ...

The new tax regime starting FY 2025-26 offers tax exemption for earnings up to Rs 12.75 lakh annually. Despite the new ...

With key updates in 2023 Budget, taxpayers are left wondering which tax regime—old or new—offers best savings for their financial situation?

To make the new tax regime more attractive for the taxpayers, the government has raised the standard deduction to Rs 75,000 from Rs 50,000.

India offers two income-tax regimes: the older one with various exemptions and deductions, and a newer simplified regime with ...

In 2020, the finance minister unveiled the new tax regime, which offered taxpayers the option to pay lower tax but forego ...

List of Deductions or Exemptions Under Old Tax Regime The simplified new tax rate ... allowances forming part of salary such as HRA, LTA, and also for specified investments or expenses such ...

The main tax regime (as existing prior to introduction of New Tax Regime) provides certain deductions like HRA, LTA, housing loan interest and 80 C deductions (“Old Tax Regime”). These ...

Finance Minister Nirmala Sitharaman has proposed to add more sugar to the New Tax Regime. As per the tax rates proposed by the Union Budget 2025, there would not be any tax on income up to Rs 12 lakh ...

Introduced in the Union Budget 2020, the new tax regime offers significant reductions in tax rates, but limits the ...

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