How to pay zero tax in new tax regime: 2 deductions salaried taxpayers can claim to reduce taxable income to Rs 12 lakh
The new tax regime allows a salaried individual to claim a standard deduction of Rs 75,000 from the salary income. There is ...
How Much Tax Will You Have To Pay? Calculate Your Income Tax Under The New Tax Regime
The Union Budget 2025 introduces significant changes to India's income tax structure, offering substantial relief to salaried ...
Will Budget 2025 raise the basic exemption limit, standard deduction under the new tax regime?
Finance Minister Nirmala Sitharaman may not scrap the old tax regime, but tax sops, if any, are likely to be announced only ...
Budget 2025 income tax: Why standard deduction should be hiked under new tax regime
Standard deduction is a flat deduction available on the salary income that helps reduce the taxable income of a t ...
ABP Live on MSN1d
What Is Standard Deduction Benefit In New Tax Regime That Helps Raise Income Tax Slab?
Finance Minister Nirmala Sitharaman announced a major tax relief by raising the tax slab under the new tax regime for the ...
Budget 2025 income tax new versus old regime: Top 7 expectations of taxpayers from FM Sitharaman
While it is well known that new income tax regime is simplified tax regime without tax exemptions and deductions ...
The Financial Express2d
Will Budget 2025 bid farewell to the Old Tax Regime?
While the old tax regime, with its deductions and exemptions, has been a longstanding feature, the government's push for the ...
Income Tax: These are the exemptions given under the old and new tax regimes; check list
The new tax regime is now the default for taxpayers in FY 2023, allowing lower tax slabs but eliminating old deductions.
Budget 2025: Tax-free income limit under new regime rises to Rs 12 lakh
Union Finance Minister (FM) Nirmala Sitharaman, who presented her eighth consecutive Union Budget on February 1, streamlined ...
Will Budget 2025 give any income tax relief under old tax regime?
In 2020, the finance minister unveiled the new tax regime, which offered taxpayers the option to pay lower tax but forego ...
India Today on MSN1h
No tax on Rs 12.75 lakh under new regime. Can you avoid tax on higher income?
With a standard deduction of Rs 75,000 under the new regime, salaried taxpayers earning up to Rs 12.75 lakh annually do not need to pay any tax. But what if you have a higher annual income, say Rs 13 ...
After Budget 2025, should you opt for old or the new tax regime?
A comparison of the two regimes would clearly indicate that the intention of the Government is to streamline the process and ...