Some individuals opt for the new regime without a comparative analysis of the tax liability under the two regimes.

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

The new regime offers lower tax rates, but does not allow most tax deductions. On the other hand, the old regime permits ...

If you're planning to file your Income Tax Return (ITR) for the financial year 2024–25, it's crucial to understand the ...

Choosing between the old and new tax regimes depends on your income level, eligible deductions and life changes-switching is ...

As the financial year 2025-26 begins, taxpayers must choose between the two income tax regimes when they file their income tax returns (ITR)—the deadline is July 31.

It is to be noted that while the new regime provides a lower tax rate for specific tax slabs, the old tax regime has enough room for claiming deductions under Chapter VI-A against various ...

under the new regime. This limit will be Rs 12.75 lakh for salaried tax payers, due to standard deduction of Rs 75,000.

Under the new tax regime slabs, some deductions and exemptions that were available under the old tax regime slabs will no longer be applicable. The new regime does away with around 70 such ...

the new tax regime could be more beneficial due to lower tax rates and a higher exemption limit. However, those who claim multiple deductions under the old regime may find it financially advantageous.

Standard deduction for ... income level (see GFX). If your deductions and exemptions exceed the break-even amount, go for the old tax regime, otherwise the new tax regime will be better.