Higher Income Brackets: For people with annual incomes above Rs 24 lakh, both regimes apply the same top tax rate of 30%. But ...

The old tax regime offers more deductions and exemptions compared to the new tax regime, making it a preferred choice for individuals who can take advantage of these benefits. Additionally, the Budget ...

T department allows taxpayers to opt between the two tax regimes. However, the decision can significantly impact your tax ...

Under the new tax regime, there is a small tax exemption of Rs 3,500 per financial year available on the interest earned from ...

Confused between the old and new tax regimes for FY 2024-25? Understand key differences like tax slabs, deductions and ...

Under the new tax regime, individuals with annual income up to Rs 7 lakh can avail a rebate under Section 87A, meaning they ...

The New Tax Regime (NTR), introduced by the government in 2020, brought a major shift in the way individuals plan their taxes ...

Under current rules, salaried taxpayers must inform their employers of their choice between the old and new tax regimes at ...

The revisions introduced under the new tax regime is aimed to make the new regime easier, cut down on paperwork, and minimise ...

You need to consider several factors for a hassle-free Income Tax Return filing, specifically collecting your Form 16 from ...

Under the old tax regime, taxpayers can claim various deductions and exemptions, while the new tax regime does not offer much ...

It is essential to inform your employer of your preferred tax regime on time to ensure that less tax is deducted from your ...