The decision between the old and new regime depends on available deductions and exemptions. If the assesse has deductions and ...

Salary income: The standard deduction of INR 75,000 will continue for new regime taxpayers, compared to INR 50,000 under the old tax regime. The new tax regime provides a total rebate of INR ...

This can be done by eliminating the deductible allowances, such as House Rent Allowance (HRA), Leave Travel Allowance (LTA) ...

After the 2025 budget announced no income tax for people with income up to Rs 12 lakh it has become an easy decision for people with income up to 12 lakh. But the decision between old and new tax ...

The new income tax slabs under the new tax regime proposed in Budget 2025 - with ... 5,75,000 and 30% of salary as house rent allowance (see table below). However, it is purely theoretical for ...

Likewise, an income of ₹9 lakh is taxed at 10 percent in the new tax regime unlike 20 percent in the old tax regime. Check the table below for the entire tax slab. It is recommended to use the ...

This new tax slabs under the New Tax Regime ... for your income bracket (refer to the last column of the table), then the old tax regime is the better choice. In cases of minimal deductions ...

Though the new income tax regime will feature revamped tax slabs from April 1, 2025 onwards, the old regime offers a slew of deductions and exemptions. The new income tax regime will feature the ...

Under the proposed Union Budget 2025, a ₹60,000 rebate applies to incomes up to ₹12 lakh, enhancing the attractiveness of the new tax regime. Budget 2025 offers ₹60,000 rebate for incomes up ...

Updated table of LTCG and STCG capital gains tax rate for equities including income from foreign currency bonds released by Income Tax Department ...