Give details of exemptions which are not allowed in the new regime such as HRA under section 10 (13A); also provide if you have income other than salary. Give details of other deductions allowed ...

Choosing between the old and new tax regimes is an ... the take-home salary reduces to around ₹67,99,660. Tax Comparison for ...

the new regime typically offers a higher take-home pay. The comparison between the new and old regimes for different salary levels shows variations in tax liability and in-hand income.

Both the old and new tax regimes have advantages and disadvantages, but the New Personal Tax Regime is the best option for taxpayers making up to Rs. 12 lakhs per year since it provides a full refund ...

FY26 has brought with it several tax changes – the biggest one of them being the huge sweetener in the new income tax regime. This, along with major capital gains tax changes announced in July 2024 ...

Old vs new tax regime: As the financial year has ended, taxpayers will now begin gathering their documents to file their income tax returns (ITR) before the deadline of July 31, 2025. Just like ...

Mumbai: With the start of the new financial year 2025-26, salaried individuals are once again facing the common dilemma — which tax regime to choose: old or new? Employers are asking for ...

The ultimate guide that helps you choose between new and old income-tax regime The all-new and improved new income-tax regime has got more attractive, post Budget 2023. Salaried individuals can ...

Meanwhile, taxpayers are required to choose between the two available tax regimes. Some are drawn to the lower tax slabs offered by the new tax regime, while others prefer the old tax regime for ...

There is no tax on income of Rs 12 lakh or less, and salaried taxpayers can get tax exemption of up to Rs 12.75 lakh because of a Rs 75,000 standard deduction.

Note:The slabs and rates of tax in the 'Proposed New Tax Regime Slab ... individuals aged between 60 and 80 years who are senior citizens. To calculate income tax as per the old income tax slab ...

Filing your Income Tax Return (ITR) in 2025? If you're wondering whether you can shift between the new and old tax regimes, you're not alone. The ability to switch depends on your source of income ...