Income Tax: 4 key reasons for which you should still opt for the old tax regime
The new tax regime has become quite attractive for the middle-class taxpayers. In FY 2023-24, around 74 percent of taxpayers ...
What does no income tax up to ₹12 lakh really mean? Decoding differences between tax rebate, deduction & exemption
Finance Minister Nirmala Sitharaman raised the nil income tax slab to ₹12 lakh for salaried individuals. This entails a tax ...
Budget 2025: Old Tax regime is given a silent and slow burial
In case you are a non-resident individual or even a resident HUF, AOP or BOI you are not entitled to rebate under Section 87A ...
Business Today4d
Effects of Budget 2025: Comparing benefits of Old and New Tax Regimes for salaried taxpayers
Tax liability in old regime (Rs) Tax liability in new regime (Rs) As per Value Education's explanation, for individuals with incomes between Rs 15-18 lakh, it is recommended to aim for a deduction ...
Newspoint on MSN21h
Tax Regime: How much tax can be saved in the old regime, taxpayers should know this important thing..
Finance Minister Nirmala Sitharaman has announced important changes for the salaried class in Budget 2025. Under the new tax ...
Effects of Budget 2025: Comparing benefits of Old and New Tax Regimes for salaried taxpayers
The NDA government has implemented a range of incentives lately to promote the acceptance of the new tax regime. However, the ...
The Financial Express3d
New Tax Regime vs Old Tax Regime: Which offers better deductions and exemptions?
New vs Old Tax Regime: In a major relief for taxpayers ... The revised tax structure also introduces a 25% tax slab for incomes between Rs 20 lakh and Rs 24 lakh. Finance Minister Nirmala ...
Forbes3d
Old Vs. New Tax Regime: Which One Should You Choose?
Switching between the old and new to the new tax regime can be done either on a ... The breakeven point is the amount at which there will be no difference in tax liability between the two tax ...
ABP Live on MSN5d
Explained: If Income Up To Rs 12 Lakh Is Tax-Free, Why The 10 Per Cent Slab?
For salaried individuals and pensioners, the standard deduction has been increased to Rs 75,000. This effectively raises ...
Indiatimes4d
Budget 2025: FM Sitharaman makes new income tax regime more attractive for salaried taxpayers
The 2025 budget presented by the FM strikes a perfect balance between maintaining ... to sunset the Old Personal Tax Regime (OPTR) as all the tax benefits are now proposed under New Personal ...
Tax Guru3d
Tax Exemptions: Impact on Individuals and Corporates
Total Revenue Impact for FY 2023-24 is projected revenue impact. (ii) The total revenue impact of major tax incentives for Individual/HUF taxpayers for last five years is Rs 8,69,907.40 Crores. In ...
Newsd15h
Tax Calculation: Understanding Tax Calculation: Gross Income, Taxable Income, and Net Income, What is the difference?
The Union Budget 2025 has introduced new income tax slabs, bringing relief to taxpayers. Finance Minister Nirmala ...