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

Here’s a table showing a comparison of old vs new regime with the income level and deductions. If you have deductions more ...

The new Income Tax Bill will replace the current Income Tax Act, once it becomes effective from April 1, 2026. However, many ...

Listen to Story Budget 2025 raised tax-free income limit to Rs 12 lakh Old tax regime unchanged, raising questions on its relevance New regime simpler, avoids need for tax-saving investments The Union ...

In the table below, we have given slab and tax rates as per the old tax regime, The new tax regime provides lower tax rates but removes most deductions, while the old tax regime allows deductions ...

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 Union Budget 2025-26 has rejigged the new tax regime (NTR) in order to provide relief to the middle class worth Rs 1 lakh crore, while maintaining the status quo on the old tax regime (OTR). The ...

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 ...

New vs old tax regime: If you are still confused about which tax regime to choose after Budget 2025 proposals, here is how to choose between the old, new and proposal newer income tax slabs. ET Online ...

The Union Budget 2025-26 has made the new income tax regime ... likely to go for this regime but what about those who have investments, educations expenses for their children, and other savings like ...

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 ...