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

But there are speculations that it is only a matter of time before the old tax regime becomes history. So, let us suppose that you chose the new tax ... is barely any difference between the ...

Until Budget 2024, individuals earning more than ₹10 lakh were taxed at 30% under the old tax regime ... he added. The new tax regime has also levelled the playing field between debt and ...

Taxpayers who have already selected the new tax regime in the Income-Tax Act 1961 will not need to choose it again in the ...

New versus old income tax regime post Budget 2025: The new tax regime starting FY 2025-26 offers tax exemption for earnings up to Rs 12.75 lakh annually. Despite the new regimen's appeal ...

One common dilemma they face is whether to continue with the Old Tax Regime or switch to the New Tax Regime ... 5% tax for income between Rs 4 lakh - 8 lakh 10% tax for income between Rs 8 ...

As the gap between the tax rates in the old and new regimes widens, fewer individuals may find the old tax structure attractive. However, there are still specific cases where the old tax regime ...

The tax slabs have been extended, with a new 25 per cent slab introduced for incomes between Rs 20 lakh and Rs 24 lakh. The introduction of the New tax regime ... both the old and new tax regimes ...

This transformation isn’t just about shifting investment preferences; it’s a reflection of evolving tax structures and financial priorities. The introduction of the new tax regime (NTR ...

New Income Tax Bill: The Union Cabinet has approved the New Income Tax Bill, which aims to replace the 1961 Act by simplifying direct tax legislation. This proposed bill, featuring clearer ...

4 lakh and widening the tax slabs. It has also introduced an additional 25% tax slab for incomes between Rs ... income tax up to Rs 1.35 lakh in old tax regime after Budget 2025 However, these changes ...