House Republicans are preparing to adopt a plan that puts a $4.5 trillion limit on the size of the tax cut, but even that ...

Under the new tax regime, individuals earning up to Rs 12 lakh will pay zero tax. Even those earning above Rs 12 lakh will benefit from lower tax rates compared to the old regime. The old regime ...

In an interaction with Siddharth Zarabi, Editor of Business Today, Agarwal acknowledged that the new tax regime offers more benefits, driven by the goal of simplifying the system. "In the old tax ...

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 ...

Old vs. New Tax Regime: Making the Choice The decision between the old and new tax regimes hinges on individual financial circumstances, particularly concerning available deductions and exemptions.

Under the new tax regime, individuals earning 24 lakh rupees or more annually could save one lakh ten thousand rupees in income tax, while those with an income of twelve lakh rupees will pay no ...

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 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 ...

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 ...

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 ...

Which one should one opt for? With changes to income tax slabs for FY26, salaried taxpayers must decide: should they switch to the new regime or stick with the old for its exemptions? We break it down ...

While those with annual taxable income of up to Rs 12 lakh will have no tax liability, those with higher incomes will have savings of up to Rs 1.1 lakh on account of rate rationalization under the new ...