Union Budget 2025: With income tax slabs becoming more attractive, it is quite tempting for the taxpayers now to choose a new tax regime over the old tax regime. Sample this: If your income is ...

Under the old tax regime, maximum rebate that one can claim is ₹12,500 – which can be claimed by the taxpayers earning upto ₹5 lakh. The government's inclination, if not intent, towards the ...

The new tax regime offers significant benefits for income up to Rs 12 lakh (Rs 12.75 lakh for salaried), surpassing the old regime's appeal despite deductions. Choosing the old regime makes sense ...

Capital gains income however falls under the taxable income. Check the latest slabs of income tax and rates under the new tax regime for those earning above Rs 12 lakh. The adjustment in income ...

(Iran burns oil instead, and has some of the world’s most polluted cities.) The regime’s ongoing attempts to reimpose draconian social rules and censorship laws have reenergized the ...

With a higher tax-free threshold and lower rates, the new tax regime looks more appealing, but does the old regime still hold any advantages? Listen to Story New tax regime now offers zero tax up to ...

A tax payer in the new regime with an income of Rs 12 lakh will get a benefit of Rs 80,000 Image: Pexels A person having income of Rs 16 lakh will get a benefit of Rs 50,000 ...

Default Regime: Starting from FY 2023-24, the new income tax regime has been made the default option. To continue using the old regime, you must submit the income tax return and Form 10 IEA before ...

(Iran burns oil instead, and has some of the world’s most polluted cities.) The regime’s ongoing attempts to reimpose draconian social rules and censorship laws have reenergized the demonstrators who ...

With Finance Minister Nirmala Sitharaman announcing big rebates for taxpayers in the middle-income group under the new tax regime, many were left wondering if the government plans to scrap the old ...

An alternative tax regime was introduced by the Union Budget 2020 (“New Tax Regime”). Since then, India has two taxation regimes for individuals. The Government intends to make ‘New Tax ...

With a standard deduction of Rs 75,000 under the new regime, salaried taxpayers earning up to Rs 12.75 lakh annually do not need to pay any tax. But what if you have a higher annual income, say Rs 13 ...