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 ...

On ET Now, experts compare the old and new tax regimes, highlighting the benefits of the new system. The new tax regime offers lower tax rates but eliminates most deductions and exemptions.

If you are availing exemptions or deductions under the old tax regime, the new tax regime may lead to a higher tax outgo. Written by PF Desk March 2, 2025 17:15 IST ...

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

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.

"Opt for the new tax regime if your income is above Rs 825,000," adds Wadhwa. Taxpayers who avail of deductions under Section 80C, Section 80D, and Section 24 (interest on housing loans) should ...

The Old Regime: 0 to 2.5 lakh income attracted NIL tax, while 2.5 to 5 lakh, 5-10 lakh and above 10 lakh slabs attracted 5 percent, 20 percent and 30 percent respectively. Standard deduction- Rs ...

Old Tax Regime vs New Tax Regime: Take-home salary. As per the BankBazaar's calculations, a taxpayer with taxable income of Rs 15 lakh, will pay Rs 1.09 lakh as tax under New Tax Regime 2025 as ...

As per statistics released by PIB, approximately 72% of the taxpayers have opted for the new income tax regime i.e., 5.27 crore tax returns were filed for Assessment Year (AY) 2024-25 under the ...

The last date for ITR filing is 31st July 2024 and if you are in the process of filing your returns, this video is just for you. Since the introduction of the New Tax regime, the key differences ...