Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant ...
The proposed changes could substantially increase the disposable income available to both middle-class and high-income ...
With no income tax burden for income levels up to Rs 12.75 lakh, a large section of salaried taxpayers stands to benefit.
Introduced in 2020, the new tax regime became a default regime in 2023. To be able to file tax return under the old tax ...
Will the new tax regime put more money in your pocket, or should you stick with the old regime? Here is all you need to know.
The government’s latest tax overhaul of income tax slabs in Budget 2025 is aimed at introducing a more streamlined tax system ...
The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...
Now, according to the old tax regime slabs, you would pay a total income tax of Rs 1,72,500 -- Rs 52,000 more than what you will pay under the new regime. Divya Baweja, Partner, Deloitte India ...
The old tax regime, which remains unchanged in the 2025 Budget, allows taxpayers to claim various exemptions such as House Rent Allowance (HRA), deductions under Section 80C (like for life insurance ...
Learn about the new and old tax regimes, including tax rates and surcharges applicable to various income levels.
Income Tax Exemption Limits However, the old tax regime will be same as earlier. Here are the slabs till now: The existing tax brackets under the Old Tax Regime remain in effect for the financial ...