Income tax calculator FY 2025-26 The new tax regime is better than the old tax regime for income up to Rs 12 lakh (Rs 12.75 lakh for salaried people), even if one avails of the maximum possible ...

The Union Budget 2025 introduced some major changes to the new income tax regime, aimed at providing relief to middle-class taxpayers. Finance Minister Nirmala Sitharaman proposed an increase in ...

No more running after proofs, no more figuring out which investment saves the most tax. Just take your total income, slap on the tax rate, and boom—you’re done. No last-minute scrambling, no endless ...

The Old Tax Regime requires tax planning, as taxpayers must invest in specific financial products to claim deductions. In contrast, the New Tax Regime is simpler, as it does not require tracking ...

You can switch between the old and new tax regimes every year if your income comes from salary, interest, or rent ...

If you are availing exemptions or deductions under the old tax regime, the new tax regime may lead to a higher tax outgo.

The new tax regime offers lower tax rates and simplifies the tax process. But it does not provide the same range of exemptions and deductions ...

Amid the new ... the new regime (other than those specified for e.g. 80JJAA, 80M, standard deduction). Both old and new tax regimes are available to taxpayers in 2024. The option to choose between ...

In certain scenarios, the old tax regime may still offer a comparative advantage over the new regime. (Image: Financial Express) The proposals introduced by Finance Minister Nirmala Sitharaman in ...

Salaried employees can select their tax regime at the start of each financial year. If no preference is given, employers will deduct tax under the new regime by default.

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 ...

In India, taxpayers can switch between old and new income tax regimes annually, but business income earners have limited options. The new regime is now the default as per Budget 2023, and you have to ...