In this article, we will dive deep into both tax regimes - Old Tax Regime and New Tax Regime. The write-up will explain ...

The new regime forgoes most of these. Old tax regime vs new tax regime: Standard deduction The standard deduction for salaried individuals has been increased to ₹75,000 in the new regime.

New tax slabs for 2025-26 increase tax-free income to ₹12.75 lakh for salaried individuals (including ₹75,000 standard ...

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

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 ...

The income tax system in India operates through a progressive slab structure ... changes were introduced to the tax slabs under the new tax regime, alongside some adjustments to exemptions ...

Income Tax Budget 2024: Sitharaman said income of up to ₹3 lakh will continue to be exempted from income tax under the new regime. New income tax vs. old income tax slabs: Finance Minister ...

The new tax regime has been made as a default one ... rates unchanged for salaried individuals below 60 years old. The existing tax slab rates are as follows: nil for individuals earning up ...

Budget 2025 income tax expectations: Most personal tax experts are of the view that the government will phase out the old ... in the new tax regime including changing the income tax slab rates ...

The 5 per cent tax bracket is now Rs 4 lakh - Rs 8 lakh, up from Rs 3 lakh - Rs 7 lakh earlier. The Rs 7 lakh - Rs 10 lakh slab ... the new slabs are for those opting for the New Tax Regime ...

Income tax slab for AY 2025-26::Money experts say ... many tax-saving investments or have no eligible deductions. New vs old tax regime: Can I claim HRA exemption in the new regime?