Budget 2024 has proposed changes in the income tax slabs under the new tax regime. The changes have been made at the lower level of the income tax slabs, and this will largely benefit the lower ...

In the new financial year, taxpayers are gearing up to file their income tax returns (ITRs) for FY2024-25 (Assessment Year 2025-26). At the same time, these taxpayers do their math to check how ...

Mumbai: With the start of the new financial year 2025-26, salaried individuals are once again facing the common dilemma — which tax regime to choose: old or new? Employers are asking for ...

Now, the new scheme is the default but if someone wants to opt for the old regime, they can," said Aarti Raote, partner at Deloitte India. Ques: What are the tax slabs in the new regime?

Since the government brought the new tax regime into effect in 2020, taxpayers have a choice of opting between two systems: the old regime of deductions and exemptions, and the new regime with ...

There are two tax regimes under which the income tax return can be filed: old tax regime and new tax regime. In the old regime, taxpayers are entitled to claim deductions for investment made in ...

A common question every year is whether to opt for the old tax regime or the new tax regime. The right choice depends on your income, investments, and eligible deductions. In the new tax regime ...

I carried them forward in my last year Income Tax Return (ITR), again under the old regime. In the current assessment year, I am planning to switch to the new regime. Can I carry forward the ...

and deductions under the new tax regime. In the new regime, you now get a standard deduction of up to Rs 75,000. Under the new tax regime, taxpayers need to pay 0 tax if their income is up to Rs 12 ...

The article examines the new tax regime and the changes announced in the union budget 25-26 and its potential impact. The new regime is a declining tax rate regime. However, the relief to the ...