Moreover, the standard deduction for the new tax regime was increased to ₹75,000 from ₹50,000 earlier. However, there is no change in the old tax regime, whatsoever, further signalling that ...

Choosing between the old and new tax regimes is an ... the take-home salary reduces to around ₹67,99,660. Tax Comparison for ...

With Budget 2025 making income up to Rs 12 lakh tax-free under the new regime, salaried taxpayers are weighing the benefits ...

Budget 2025 offers ₹60,000 rebate for incomes up to ₹12 lakh under new tax regime. (Representational image)(REUTERS) This makes the old tax regime, which has 5 per cent, 20 per cent ...

The Finance Minister has also tabled a new tax regime for AY 2024-25 with an Income Tax relief for around four crore salaried individuals and pensioners. FM Sitharaman had also said that the new ...

D (health insurance), and home loan interest are just a few of the many exemptions and deductions that were available under ...

Switching between the old and new to the new tax regime can be done either on a ... of individual deductions and exemptions, a thorough comparison of the two regimes is necessary to determine ...

However, choosing between the old regime and the new tax regime is dependent on the person and his/her financial profile. Notably, the The New Tax Regime is beneficial for people who likes ...

the new regime typically offers a higher take-home pay. The comparison between the new and old regimes for different salary levels shows variations in tax liability and in-hand income. New vs old ...

while the rest would have gained by opting for the old regime. Changes in Budget 2025 Budget 2025 introduced significant enhancements to the new tax regime. "The income between Rs 4 lakh and Rs 8 ...

There will be no income tax payable upto income of Rs 12 lakh (i.e. average income of Rs 1 lakh per month other than special rate income such as capital gains) under the new regime. This limit ...