then the old regime is beneficial. These comparative charts and examples suggest that, as a thumb rule, a tax payer having a salary of Rs 15 lakhs or above and eligible to claim deductions/exemptions ...

53,960 under the Old Regime, leading to a savings of ₹1,41,960. Similarly, at ₹20 lakh, the New Regime reduces the tax burden by ₹1,10,760, and at ₹15 lakh, by ₹48,360. Evaluating the ...

While both the old and new ... tax rate for specific tax slabs, the old tax regime has enough room for claiming deductions under Chapter VI-A against various allowances forming part of salary ...

"The previous tax regime, known as the old regime, was in place before the new ... 15 lakh in 2024-25, would have paid Rs 1,30,000 as tax. From April 1, 2025, he will pay Rs 97,600. For Rs 20 lakh ...

Also Read: New Tax Regime Calculator 2023-24: How much tax you will have to pay on Rs 9 to Rs 15 lakh income Dr ... his/her tax liability by lakhs under the old regime. However, except for ...

comparison between tax outgo as per proposed new tax regime and old tax regime for a salaried employee earning salary of Rs. 13 lakhs and eligible to claim deductions/exemption of INR3.5 lakhs, other ...

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

15 lakhs, which can reduce their tax burden.Income tax rates applicable for individuals aged between 60 and 80 years who are senior citizens. To calculate income tax as per the old income tax slab ...

The new tax regime now offers a full tax rebate on income up to ₹7 lakhs ... salary, home office setup, internet, books, and periodicals. These reimbursements are tax-free under both the old ...

With no income tax ... Rs 24 lakhs. This means significant savings for middle-class earners. For example, those earning Rs 15 lakh, are set to 25% more under New Tax Regime over the Old Tax ...

As many as 33 per cent selected the wrong tax regime. Among them, 86 per cent should have switched from the old to the new regime ... there is zero tax if salary income is up to Rs 12.75 lakh." ...