New Tax Regime: An individual earning ₹5 crore would receive approximately ₹3,10,75,250 after taxes. Old Tax Regime: The in-hand salary under the old regime would be lower, at around ₹3,07 ...

The Budget 2024 introduces changes to income tax structures, prompting a comparison between the old and new regimes for taxpayers. The new regime offers increased standard deduction and benefits ...

Here is a comparison between the old and the new tax regime: 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 ...

In the old regime, after investing ₹ 5.25 lakh in savings schemes, the tax would be ₹ 3.60 lakh, compared to ₹ 3 lakh under the new regime. Budget 2025 Income Tax ...

Budget 2025: Here are the income tax slabs, rates, and deductions announced by Finance Minister Nirmala Sitharaman in the Union Budget 2025. A comparison between the new and old tax regimes will ...

The Union Budget 2025-26 has kept the tax slab rates unchanged for salaried individuals below 60 years old. The existing tax slab rates are as follows: nil for individuals earning up to INR 2.5 ...

The new tax regime in India offers higher take-home salaries and lower average tax rates compared to the old regime for incomes between ₹1 crore and ₹10 crore, making it a more appealing ...

While there are limited exemptions available under the new tax regime, taxpayers with a gross income exceeding Rs 24.75 lakhs will find the new tax regime beneficial if their total deductions and ...

Shefali Mundra, tax expert, ClearTax, is of the view that the old regime may still suit those with substantial deductions. "The changes reduce the need for complex documentation and for investing ...

For simplicity, comparison between tax outgo as per proposed new tax regime and old tax regime for a salaried employee earning salary of Rs. 13 lakhs and eligible to claim deductions/exemption of INR3 ...