income tax in the new tax regime is 0 whereas in the old regime tax would be ₹1.8 lakh. The key difference between the old and new tax regime is that the old regime allows taxpayers to claim tax ...

With the difference in tax rates growing between the two tax regimes, there are now fewer people who would go for the old tax regime now. Although the new tax regime offers concessional tax rates ...

Since the difference between the basic exemption limit under the old and new tax regime is Rs 1.50 lakh, which is the amount of deduction available under Section 80C, even for those who claim ...

It remains at flat Rs 50,000 under the old tax regime. Choosing between the old and new tax regimes When deciding between the old and new tax regimes, assess both and choose the one suited best as ...

While both the old and new regimes have ... eligible for in the old tax regime. The breakeven point is the amount at which there will be no difference in tax liability between the two tax regimes.

12 lakhs for rebate under Section 87A under the new tax regime. For whom the old tax regime still works? Since the difference between basic exemption limit under old and new tax regime is Rs.

As Union Budget 2025 looms on the horizon, speculation is rife regarding the potential introduction of a new income ... The key difference between the two regimes is that the Old Tax Regime ...

Although these investments are not tax free any more, returns earned by investing in them are still exempt from income tax ...

New Delhi: Union Finance Minister, Nirmala Sitharaman's eighth consecutive Budget is the relief for middle-class salaried taxpayers, though the revised tax slabs have left many confused about the ...

Sitharaman also said that the government will be introducing a new Income Tax (I-T) bill in Parliament next week. At the moment, taxpayers can choose between two tax systems: The old tax regime ...