4 days ago · Know the differences, changes, tax slabs between new tax regime and old tax regime. The recent Budget has caused a lot of confusion among taxpayers regarding the choice between the old and new tax regimes.

Jan 15, 2025 · Confused about whether to opt for the old tax regime or the new tax regime as a salaried individual? This article provides an in-depth comparison of the two regimes and helps you determine which one is better suited for you.

Jan 15, 2025 · Based on the revisions suggested in the Union Budget 2023, the new tax regime has been designated as the default, and taxpayers must choose the old tax regime if they decide to use it.

2 days ago · 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.

New tax regime is the default tax regime. However, taxpayers can opt for the old regime. What is the difference between the old and new tax regime? Ans: The tax slabs and rates are different in old and new tax regimes. Various deductions and exemptions are allowed in Old tax regime.

Feb 22, 2023 · So, what is the new tax regime, what are the changes made to it, and how does it now stack up versus the old tax regime? And now that the government has tried to level the playing field between the old tax regime and new tax regime, which one you should opt for? Here's what you need to know.

Jul 26, 2024 · Here’s a detailed comparison to help you decide between the New and Old Tax Regimes for 2024. The old tax regime is popular among taxpayers because it offers a wide array of deductions and exemptions.

Mar 23, 2024 · While the new regime offers revised tax slab rates and reduced surcharges, the old regime retains familiar deductions. Understanding your financial profile and deductions is crucial in determining which regime aligns best with your tax-saving goals. That’s all for today -Queries related to above mailed at [email protected].

Aug 13, 2024 · While both the old and new regimes have merits and demerits, it can be cumbersome for taxpayers to pick the best-suited tax regime. Here is a simplified assessment of both regimes...

Apr 19, 2023 · Even 2 years post the introduction of the New tax regime under section 115BAC, the majority of taxpayers filed their ITR under the old tax regime. Hence to promote this new regime in Union Budget 2023-24 the tax slabs were revised for …