The budget’s biggest, shiniest takeaway: no tax ... regime. With the revised rates announced under the new regime, the old regime has been rendered useless for most taxpayers. As per the break ...

Switching between the Old Regime and the New Regime is possible for individuals, allowing their annual tax regime to ...

For those earning below this threshold, the break-even level will vary. The Budget 2025 proposals aim to simplify personal taxes with a focus on middle-class taxpayers. While the new tax regime ...

This means more and more taxpayers will now choose the new tax regime, particularly those falling in the lower income bracket. Chairman of CBDT Ravi Agrawal even claimed that 90 percent of ...

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 ...

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.

Together, they can help save Rs 17,500 annually for taxpayers under the new tax regime. Further, in 2023-24, the exemption limit for income tax was hiked to Rs 7 lakh. Officials point out that the ...

If your taxable income is even a rupee more, you will not get the benefit of rebate but will have to pay taxes as per slab rates un der the new tax regime ... come back to a point that often ...

As Union Budget 2025 looms on the horizon, speculation is rife regarding the potential introduction of a new income tax law ... and taxpayer-friendly tax regime. The current income-tax law ...

Old vs New tax regime: What if you earn more than Rs 12.75 lakh? Should you pick the new tax regime for lower rates or stick to the old one for deductions? Listen to Story New tax regime offers zero ...

Neuberger Berman thinks there are a couple of key differences for the bond market that make us more optimistic. Click to read ...