What if you earn more than Rs 12.75 lakh? Should you pick the new tax regime for lower rates or stick to the old one for ...

The income tax department has launched a simple tool to help taxpayers compare taxes under the New Tax Regime for FY 2024-25 ...

As the gap between the tax rates in the old and new regimes widens ... there are still specific cases where the old tax regime could be more beneficial. Employees receiving a substantial house ...

For individuals who do not invest heavily in tax-saving instruments, the new tax regime could be more beneficial due to lower tax rates and a higher exemption limit. However, those who claim multiple ...

Many taxpayers preferred the old tax regime because it allowed them to claim deductions for expenses like house rent, home ...

In her Budget 2025 address, FM Nirmala Sitharaman announced modifications to the new tax regime, such as the exemption of up ...

New system's simplicity, reduced tax liability, increased disposable income potential 'make it a formidable alternative' ...

Though these deductions find no place in the new tax regime, heres why some investments still deserve a place in your ...

there are now fewer people who would go for the old tax regime now. Although the new tax regime offers concessional tax rates, you stand to lose your entitlement to claim most deductions and ...

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

In 2020, the Government of India introduced a new tax regime that offered concessional tax rates while scrapping most of the deductions and exemptions offered under the old tax regime. Most small ...

The Union Budget 2025 has revamped the new tax regime, exempting individuals earning up to Rs 12 lakh annually from income ...