Here’s a table showing a comparison of old vs new regime with the income level and deductions. If you have deductions more ...
With no income tax burden for income levels up to Rs 12.75 lakh, a large section of salaried taxpayers stands to benefit.
The new Income Tax Bill will replace the current Income Tax Act, once it becomes effective from April 1, 2026. However, many ...
It is to be noted that while the new regime provides a lower tax rate for specific tax slabs, the old tax regime has enough room for claiming deductions under Chapter VI-A against various ...
Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant ...
The existing tax brackets under the Old Tax Regime remain in effect for the financial year 2024-25. Although this regime maintains elevated tax rates, it permits taxpayers to take advantage of ...
A comparison of the two regimes would clearly indicate that the intention of the Government is to streamline the process and ...
Are you left scratching your head about the changes in tax slabs in the new regime announced in Union Budget 2025? Wondering ...
What it offers is a tax regime with lower tax rates, beneficial income tax slabs ... to Rs 75,000 from Rs 50,000 (as available in the old tax regime) in Budget 2024.
The Income-tax Bill cuts some clutter of the existing Act and introduces new illustrative tables, while maintaining ...
The government’s move to propose a new income tax law has reignited discussions, especially since no relief was announced for ...
The proposed bill states upon choosing the new regime, taxpayers are unable to revert to the previous system in subsequent ...