Old vs New Tax Regime, ITR Filing: Selection between the old and the new tax regime while filing the income tax return (ITR Filing) is as tough as selection between identical right and wrong paths ...

Some individuals opt for the new regime without a comparative analysis of the tax liability under the two regimes.

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

What about standard deduction? In the old regime, you could claim ... If you don't claim many deductions or prefer simpler tax filing, the new regime might suit you. If you invest in things ...

the new tax regime could be more beneficial due to lower tax rates and a higher exemption limit. However, those who claim multiple deductions under the old regime may find it financially advantageous.

It is to be noted that while the new regime provides a lower tax rate for specific tax slabs, the old tax regime has enough room for claiming deductions under Chapter VI-A against various ...

under the new regime. This limit will be Rs 12.75 lakh for salaried tax payers, due to standard deduction of Rs 75,000.

Yes, the standard deduction under the old tax regime is ₹50,000 ... still allowed under the new tax regime? In the new tax regime, most deductions cannot be claimed, barring the deductions ...

Under the new tax regime slabs, some deductions and exemptions that were available under the old tax regime slabs will no longer be applicable. The new regime does away with around 70 such ...

The standard deduction for salaried individuals ... t make many tax-saving investments or have no eligible deductions. New vs old tax regime: Can I claim HRA exemption in the new regime?

Spreadsheets templates in Excel Utility to file Income Tax returns for assessment year 2025-26 have changed, particularly for ...

Also Read: Budget Speech 2024 LIVE: Nirmala Sitharaman revises tax slabs under new regime Owing to this, Nirmala Sitharaman said, ₹17,500 will be saved by those opting for the new regime.