The budget’s biggest, shiniest takeaway: no tax ... regime. With the revised rates announced under the new regime, the old regime has been rendered useless for most taxpayers. As per the break ...

Switching between the Old Regime and the New Regime is possible for individuals, allowing their annual tax regime to alternate between the previous and new regimes if certain conditions are met.

New Tax Regime vs Old Tax Regime Slabs and Rates ... excluding the standard deduction—are less than Rs 8 lakh. This break-even level of Rs 8 lakh applies specifically to the 30% tax bracket ...

In such a situation, they have the choice to opt for the old tax regime while filing the tax return, even though the employer withheld taxes based on the new tax ... breakeven point is the amount ...

In a strategic move to energize the economy, the FM has proposed a series of tax reforms ... for break-even between old tax regime and new tax regime is now much wider. An important point to ...

Old vs New tax regime: What if you earn more than Rs 12.75 lakh? Should you pick the new tax regime for lower rates or stick to the old one for deductions? Listen to Story New tax regime offers zero ...

Estate tax repeal may happen! What does that mean to your planning (the answer is not to do nothing!). Your will/revocable trust may not work without estate tax formulas!

A single concept of a tax year is easy to understand and in line with international practice (even though ... Feb 13 New Income Tax Bill 2025 Live: A Comparison of the Old and New Income-Tax ...

On the right, Anura Kumara Dissanayake, President of Sri Lanka. On the left, Dr. S. Jaishankar, India’s Minister of External ...