The budget’s biggest, shiniest takeaway: no tax ... regime. With the revised rates announced under the new regime, the old regime has been rendered useless for most taxpayers. As per the break ...

For those earning below this threshold, the break-even level will vary. The Budget 2025 proposals aim to simplify personal taxes with a focus on middle-class taxpayers. While the new tax regime ...

Click here to register New Vs Old Tax Regime: Understanding the break-even The optimal choice between the new income tax regime and the old income tax regime depends on the amount of deductions ...

What if you earn more than Rs 12.75 lakh? Should you pick the new tax regime for lower rates or stick to the old one for ...

In such a situation, they have the choice to opt for the old tax regime while filing the tax return, even though the employer withheld taxes based on the new tax ... breakeven point is the amount ...

New Tax Regime Vs Old Tax Regime: Selecting the most tax-efficient income tax regime, either the old or new, can be a challenging decision for many salaried taxpayers. The optimal choice depends ...

Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant income tax relief for the middle class in the Union Budget 2025, eliminating ...

However, this tax break, offered under section 80CCD(2) is available only to salaried taxpayers. However, since this benefit cannot be extended to self-employed individuals under the new regime ...

will now find it difficult to have the break-even level of deductions of ₹8 lakh (other than standard deduction) needed to match the reduced tax liability in the new regime. For non-salaried ...

These include a hike in the basic exemption limit to Rs 10 lakh and the introduction of a new tax slab of 25 percent ... scales in favour of the old tax regime, even for higher income brackets.