D (health insurance), and home loan interest are just a few of the many exemptions and deductions that were available under the old tax regime. In contrast, the new regime offers lower tax slab rates ...

She earns well, but nearly 15% of her income goes in tax because she has invested in tax-inefficient instruments, doesn’t claim all the deductions, and her salary structure ... be lower for her in the ...

According to the income tax rules, employers must issue Form 16 by 15 June 2025 ... 5 lakh is tax-free under the old tax regime, and up to ₹7 lakh under the new tax regime.

Taxpayers choosing the old income tax regime for the Assessment Year ... has extended the ITR filing deadline to 15 September 2025, allowing taxpayers additional time to gather the requisite ...

Once the e-TDS return is filed, the tax deductor is required to issue the TDS certificate within 15 days ... the old tax regime for FY 2024-25. Hence, depending on your net taxable salary and ...

However, if such individuals earn over ₹15 ... Old Tax Regime, NRIs below 60 years of age have a basic exemption limit of Rs 2.5 lakh, while senior citizens have a limit of Rs 3 lakh. In the New ...

For those earning between Rs 8,00,000 and Rs 12,00,000, the tax rate is 10%; it is 15% for those ... of tax regime, then TDS on salary will be deducted as per income tax slabs applicable under the new ...

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." ...

Regardless of whether you choose the old or new tax regime, salary component restructuring can deliver tangible gains. A salary is not merely your credited amount per month. It's made up of ...

If you are among those taxpayers who are still under the Old Tax Regime and claiming various deductions ... by taxpayers in the non-audit category till September 15, against the earlier July ...

Post the Budget 2025 announcements that made the new ... The old tax regime allows deduction on own NPS contributions of up to 14 percent (10 percent under the old regime) of your basic salary ...

From FY25 the standard deduction under the new tax regime was raised to Rs 75,000. Meanwhile the old tax regime allows taxpayers to claim a greater number of deductions and exemptions such as ...