Choosing the right income tax regime is crucial for ITR filing. Salaried taxpayers can choose between the new and old regimes ...

As the deadline to file Income Tax Returns (ITR) for Assessment Year 2025-26 (FY 2024-25) approaches, many taxpayers are ...

This makes the old tax regime, which has 5 per cent, 20 per cent, and 30 per cent slabs and allows deductions for tax-saving investments, less attractive in comparison.

In one fell swoop, Nirmala Sitharaman, during Budget 2023 today, changed the old income tax regime, making it more simplified. Here’s how the two regimes differ from each other ...

If you’re a salaried employee with no business or professional income, you have the flexibility to choose the tax regime ...

If you are availing exemptions or deductions under the old tax regime, the new tax regime may lead to a higher tax outgo.

'If an individual makes significant financial investments, she should stick to the old regime.' 'If the individual prefers straightforward computation without any tax benefits, the new regime ...

Union Budget 2025: In the Union Budget 2025, Finance Minister Nirmala Sitharaman revealed an increase in the basic tax exemption limit in the new tax regime. The limit has been raised from Rs 3 ...

Budget 2025 income tax expectations: The announcement of new income tax regime in India’s Union Budget 2020 was a progressive step by the Hon’ble Finance Minister Sitharaman towards ...

Old Vs New Tax Regime Slabs and Rates Comparison: With no income tax burden for income levels up to Rs 12.75 lakh, a large section of salaried taxpayers stands to benefit.

The Finance Minister has also tabled a new tax regime for AY 2024-25 with an Income Tax relief for around four crore salaried individuals and pensioners.