Click here to register New Vs Old Tax Regime: Understanding the break-even The optimal choice between the new income tax regime and the old income tax regime depends on the amount of deductions ...

Zero tax up to ₹12 lakh as well as the attractive new tax slabs are only applicable to the new tax regime, but at the same ...

Businesspersons or self-employed professionals cannot avail of the tax break. The employer contributes ... Yojana are not taxable. The old tax regime had a higher tax rate but provided exemptions.

These include a hike in the basic exemption limit to Rs 10 lakh and the introduction of a new tax slab of 25 percent ... scales in favour of the old tax regime, even for higher income brackets.

Tax calculations: The Union Budget 2024 has introduced a new set of tax ... also known as break-even levels, that need to be claimed in the previous tax regime at various income levels to yield ...