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.

Amid the new Income Tax Bill 2025, we answer some FAQs on tax slabs, old vs new regime, the new income tax rules, exemption ...

Times Now simplified here. Tax Slabs and Rates Comparison Between New Tax Regime Vs. Old Tax Regime One of the primary ...

Once enacted, the proposed bill will replace the six-decade-old Income Tax Act of 1961 ... annually won't have to pay any income tax under the new regime. Add to it the standard deduction of ...

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 ...

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 ...

Budget 2025 offers ₹60,000 rebate for incomes up to ₹12 lakh under new tax regime. (Representational image)(REUTERS) This makes the old tax regime, which has 5 per cent, 20 per cent ...

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 ...

Deduction for employee’s contribution towards National Pension Scheme (NPS): To extend deduction of Rs 50,000 under section 80CCD(1B) to bring in parity between old income tax regime and new ...

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 ...

What's the difference between the old tax and new tax regime and which one could be more beneficial for you? Pranjal Kamra and Sonal Mehrotra Kapoor explain the key differences between the two tax ...

There are two types of income tax slabs - one under new tax regime and other under old tax regime. What is the difference between gross income and taxable income? Gross income includes all your ...