The new tax regime is now the default for taxpayers in FY 2023, allowing lower tax slabs but eliminating old deductions.
The Union Budget 2025-26 increased the income tax basic exemption limit to Rs 4 lakh under the new tax regime, benefiting all ...
Learn about the new and old tax regimes, including tax rates and surcharges applicable to various income levels.
In a major relief for the middle class, Finance Minister Nirmala Sitharaman announced that individuals earning up to Rs 12 ...
The old tax regime, which remains unchanged in the 2025 Budget, allows taxpayers to claim various exemptions such as House Rent Allowance (HRA), deductions under Section 80C (like for life insurance ...
SEO Meta Description: Budget 2025-26 proposes new tax slab rates. Compare old vs new regime to see which offers better savings based on income and exemptions.
What this essentially means is that Salaried individual income earning Rs 12.75 lakh annually will not have to pay income tax ...
You can use income tax calculator to compute income tax under both the regimes i.e., new tax regime and old tax regime, ...
Are you left scratching your head about the changes in tax slabs in the new regime announced in Union Budget 2025? Wondering ...
The new, simplified tax regime is now a clear winner in the case of most tax slabs, show Deloitte calculations. In case of ...
The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...
Finance Minister Nirmala Sitharaman announced an increase in the basic income tax exemption limit from Rs 3 lakh to Rs 4 lakh ...