salaried taxpayers have been wondering whether the old income tax regime will eventually be phased out. The new income tax regime was introduced as an optional tax regime FY 2020-21 onwards.

Before proceeding further, let us first understand the tax exemptions which are allowed under the old regime but not in the new tax regime. Although there are a few exemptions that are given under ...

Also Read | Budget 2025 new vs old income tax regime: Will FM Sitharaman do away with the old regime soon? Experts weigh in The threshold limits for claiming exemption/ deductions under the old ...

Old Tax Regime vs New Ta Regime: Taxpayers often find themselves in a quandary when it comes to selecting the most suitable income tax regime. The Income Tax Department allows individuals to ...

Standard Deduction: Rs 75,000 for salaried and pensioners. In this write-up, we will analyse which tax regime — old or new — is more beneficial for individuals with an annual income of up to ...

With a higher tax-free threshold and lower rates, the new tax regime looks more appealing, but does the old regime still hold ...

Here we give a lowdown on the exemptions that are given under the old tax regime followed by those given under the new tax regime. III. Section 80D: Deduction towards health insurance premium and ...

adding maximum gains to consumers on account of removing all exemptions under the Old Tax Regime and bringing all taxpayers under the New Tax Regime. The research report, however, suggesting ...

has made changes in the new tax regime only. No changes have been made to the old tax regime. Last week, SBI Research shared its pre-Budget report suggesting complete elimination of all exemptions ...

The new tax regime has indeed become more appealing over the years, but many taxpayers still find that their tax outgo is lower under the old tax regime for the financial year 2024-25. On July 23 ...

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