New tax regime has no deductions but works for some people: Analysts
New system's simplicity, reduced tax liability, increased disposable income potential 'make it a formidable alternative' ...
New tax regime vs old tax regime post Budget 2025: These income earners may still benefit from old tax regime
The proposed changes could substantially increase the disposable income available to both middle-class and high-income ...
Mint4d
New Tax Regime: Should you opt for it over old tax regime? All about income tax slabs, exemptions and more
Deduction under section 80JJAA: This allows eligible businesses to claim a deduction ... the benefit of standard deduction was extended to the taxpayers of the new tax regime as well.
Budget 2025: Why FM Nirmala Sitharaman should aim at increasing standard deduction again this time?
Finance Minister Sitharaman announced an increase of Rs 25,000 in standard deduction from Rs 50,000 to Rs 75,000 under the ...
Income Tax: 4 key reasons for which you should still opt for the old tax regime
The new tax regime has become quite attractive for the middle-class taxpayers. In FY 2023-24, around 74 percent of taxpayers ...
New income tax slabs for FY 2025-26: 30% tax now starts at Rs 24 lakh, income up to Rs 20 lakh to be taxed at 20% in Budget 2025
The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...
Budget 2025: Zero tax for income up to Rs 12.75 lakh. See how much you'll save
The tax rebate extends up to Rs 12.75 lakh when factoring in standard deductions under the new tax regime, making it the most ...
FAQs: Government Answers Your Questions On New Income Tax Regime
The government today cut personal income tax rates for some sections of taxpayers in a bid to boost consumption.
Hindustan Times9d
What is standard deduction in income tax and who is eligible?
“Salaried taxpayers are hoping that the government will increase the amount to ₹1 lakh in the new income tax regime ... standard deduction when filing their Income Tax Returns (ITR).