Taxpayers must compare deductions under the old regime versus the new lower rates to determine the most beneficial option. New vs old tax regime: Is it time to switch to the new income tax regime ...

Tax calculations: The Centre has once again aimed to enhance the appeal of the New Tax Regime by introducing ... 1,50,000 for investments in options such as PPF, ELSS, and LIC premiums.

Tax and Budget 2025: Finance Minister Nirmala Sitharaman made significant announcements that have delighted middle-class taxpayers. The changes include raising the rebate limit from Rs 7 lakh to ...

the new rates shall apply for subsequent years. However, the law provides such taxpayers one single option of switching back to the old tax regime should their circumstances change. Remember ...

Remember, the Government of India has made the new income tax regime a default regime for taxpayers, with the option to choose the old regime. The Income Tax Act of 1961 provides taxpayers various ...

Summary: The Finance Bill 2025 presents significant updates in both direct and indirect taxes aimed at improving business ease, reducing litigation, and widening the tax base. Direct tax proposals ...

I propose to discuss how innovation in the National Pension System (NPS) has made pension accessible to all. Prudent financial planning, especially early retirement planning, is important for ...

However, taxpayers were given the option to choose between the new tax regime and the traditional system. In 2023, the government made a significant move by making the new tax regime the default ...

Lastly, the choice between the old and new tax regime should ideally be made based on individual financial situations and tax-saving strategies. A tax consultant or CA can help evaluate the best ...

many may find that they are paying little to no tax even without these deductions. For most taxpayers, the new regime is now the more attractive option. With no tax up to Rs 12.75 lakh and lower tax ...

For those earning up to ₹12.75 lakh, the new tax regime now stands as the better option, even when factoring in tax-saving deductions.