Although the new tax regime does ... unlike 20 percent in the old tax regime. Check the table below for the entire tax slab. It is recommended to use the income tax calculator to assess the ...

However, to be able to make that decision, they first need to compute income tax under both the regimes — new and old — for a year and then choose the one that leads to a lower tax outgo for ...

For individuals earning Rs 15 lakh annually, opting for the old tax regime can result in tax savings of up to Rs 48,100, ...

This tool allows individuals to compare their tax liability under both the old and new tax regimes by entering their income ...

The new tax regime – the default – offers a basic exemption limit of Rs 3 lakh for all individuals, regardless of age. This ...

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

Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant ...

To calculate your tax liability under either regime, you must first determine your taxable income: Old regime: Start with your total income, calculate the applicable deductions (such as 80C ...

The new income tax law will be easier to understand, free of outdated provisions, and aims to encourage taxpayers to switch to the new regime with significant concessions. Additionally, a new crypto ...

FM Nirmala Sitharaman announced major income tax relief, with no tax payable on income up to Rs 12 lakh. New tax regime to be ...

Income tax calculator: The new tax regime became a default tax regime in FY 2023, which means taxpayers are meant to pay income tax based on the new regime unless they opt out of it. They would do ...

Tax calculator 2025: The Income Tax Department ... One common dilemma they face is whether to continue with the Old Tax Regime or switch to the New Tax Regime. In her Budget 2025 address, FM ...