The Finance Minister did not mention the old tax regime during her speech and the Budget document, too, is silent on it. The document, however, specifies that the revised tax slabs apply to those ...

However, there are still specific cases where the old tax regime could be more beneficial. Employees receiving a substantial house rent allowance (HRA), especially those getting up to Rs 1 lakh ...

The Union Budget 2025-26 has kept the tax slab rates unchanged for salaried individuals below 60 years old. The existing tax slab rates are as follows: nil for individuals earning up to INR 2.5 ...

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 ...

Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant income tax relief for the middle class in the Union Budget 2025, eliminating ...

The new tax regime offers significant benefits for income up to Rs 12 lakh (Rs 12.75 lakh for salaried), surpassing the old regime's appeal despite deductions. Choosing the old regime makes sense ...

The budget’s biggest, shiniest takeaway: no tax on income up to ₹12 lakh. Union finance minister Nirmala Sitharaman’s announcement was met with much cheer and enthusiastic number-crunching ...

Income Tax Exemption Limits However, the old tax regime will be same as earlier. Here are the slabs till now: The existing tax brackets under the Old Tax Regime remain in effect for the financial ...

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 ...

The old tax regime remains unchanged. 'Taxpayers opting for it will continue to follow the existing slab rates and deductions.' IMAGE: The live telecast of Union Budget 2025 at an electronics ...