In this article, we will dive deep into both tax regimes - Old Tax Regime and New Tax Regime. The write-up will explain ...

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 ...

If you're planning to file your Income Tax Return (ITR) for the financial year 2024–25, it's crucial to understand the difference between ... the Basics: Old vs New Tax Regime In the old regime ...

Switching between the old and new to the new tax regime can be done either on a ... The breakeven point is the amount at which there will be no difference in tax liability between the two tax ...

Income Tax Slabs 2024-25 Old Tax regime: For the financial year 2024-25, the income tax slabs and rates in the table apply to individuals, including residents below 60 years of age, non-residents ...

while the rest would have gained by opting for the old regime. Changes in Budget 2025 Budget 2025 introduced significant enhancements to the new tax regime. "The income between Rs 4 lakh and Rs 8 ...

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 ...

1)The key difference between the old and new income tax regimes lies in how they handle exemptions and deductions. Under the old regime, taxpayers can claim substantial deductions, including those ...

Since the difference between the basic exemption limit under the old and new tax regime is Rs 1.50 lakh, which is the amount of deduction available under Section 80C, even for those who claim ...

Budget announcements on February 1 will not have any impact on the current tax structures. The rates, slabs, deductions, and rules remain unchanged under both the old and new tax regimes.