Income tax on Rs 30 lakh income. Existing new tax regime- Rs 5,90,200 . Old tax regime- Rs 7,25,400. Proposed new tax regime- Rs 4,75,800 Income tax on Rs 37.50 lakh income. Existing new tax ...

Understand ITR filing requirements for salaried individuals, including applicability, forms, deductions, tax regimes, and a ...

This regime, though it has few exemptions and deductions, offers reduced tax rates. However, with Rs 75,000 as the standard deduction under the new regime, individuals earning up Rs 12.75 lakh ...

Higher rebate: Since taxability kicks in at a higher threshold in the new tax regime, it is advisable to keep the default regime if your annual salary is upto ₹ 12.75 lakh for FY 2024-25.

With an 8% annual salary increase and corresponding rise in contributions, by age 60 the EPF corpus would grow to ₹4.74 crore ...

Check out 10 essential income tax deductions under Sections 80C, 80D, and more, helping individuals maximise savings while filing ITR for FY 2024–25 under the old regime.

Pay 0 Income Tax on Rs 17 Lakh Income: Earning a good pay package is one happiness, but paying income tax on it may feel like a pain. The new tax regime applicable for the financial year 2025-26, ...