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

Simplified tax ... the old tax regime are expected. Any rationalisation in income tax slabs, rates and changes in basic exemption limit, rebates etc. can only be expected under the new income ...

This can increase the overall disposable income and boost consumption," said Shefali Mundra, a tax expert at ClearTax. Calls for simplifying the current complex tax slab ... (Old Tax Regime and ...

Experts predict that due to the government's focus on promoting the new tax regime, the old income tax regime might remain unchanged. Currently, the new tax regime offers a basic exemption ...

Tax relief will alleviate financial pressure and stimulate spending says the financial services company. Deloitte expects the finance minister to lower GST rates on mass-consumption FMCG products, ...

Short-Term Capital Gains (STCG) Taxed according to the individual's income tax slab rate, with higher earners facing higher tax rates. No change; gains continue to be taxed as per the individual's ...

The old tax regime includes a host of deductions like HRA, LTA and Section 80C Under the new tax regime, the tax rates were reduced significantly Experts expect merging of both tax regimes to simplify ...

(AI image) New vs old income tax regime after Budget 2025: Post income tax slab changes, which tax regime is better for salaried middle class taxpayers? Latest income tax slabs FY 2025-26 Income ...

'If our Budget allows, we may implement both measures -- making income up to Rs 10 lakh tax-free and introducing a 25 per cent slab for income between Rs 15 lakh and Rs 20 lakh.' Illustration ...

However, there was no change in tax slabs. A new tax regime was introduced in the year. Taxpayers could now choose between the old and new tax regimes. During her budget speech on July 23, 2024, ...

In India, the highest marginal rate for taxpayers in the highest income slab is 39% under the new tax regime and 42.7% in the old regime. A better way to compare tax rates on personal incomes ...