The budget’s biggest, shiniest takeaway: no tax ... regime. With the revised rates announced under the new regime, the old regime has been rendered useless for most taxpayers. As per the break ...

New Tax Regime vs Old Tax Regime Slabs and Rates ... excluding the standard deduction—are less than Rs 8 lakh. This break-even level of Rs 8 lakh applies specifically to the 30% tax bracket ...

Zero tax up to ₹12 lakh as well as the attractive new tax slabs are only applicable to the new tax regime, but at the same ...

Switching between the Old Regime and the New Regime is possible for individuals, allowing their annual tax regime to alternate between the previous and new regimes if certain conditions are met.

The new regime ... to the old regime, will now find it difficult to have the break-even level of deductions of ₹8 lakh (other than standard deduction) needed to match the reduced tax liability ...

In such a situation, they have the choice to opt for the old tax regime while filing the tax return, even though the employer withheld taxes based on the new tax ... breakeven point is the amount ...

A taxpayer with an income of Rs 5 crore will see a reduction of Rs 1.43 lakh in tax payable. The increased savings resulting from the new ... break-even limit, you can consider the old regime.

Income Tax Slabs Budget 2025 Live: Finance Minister Nirmala Sitharaman has brought big cheer for middle class taxpayers - it’s a bonanza like never before! Income tax slabs and income tax rates ...

Together, they can help save Rs 17,500 annually for taxpayers under the new tax regime. Further, in 2023-24, the exemption limit for income tax was hiked to Rs 7 lakh. Officials point out that the ...

As Union Budget 2025 looms on the horizon, speculation is rife regarding the potential introduction of a new income tax law ... and taxpayer-friendly tax regime. The current income-tax law ...

I’ll tell you who I got to pay attention to it: Stephen Miller. I’d met Stephen and Sergio Gor, who are now huge players in ...