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 ...
India Today on MSN3d
Old vs New tax regime: Which one should you choose for income above Rs 12.75 lakh?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 ...
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 ...
Hosted on MSN9mon
New tax regime vs old tax regime: What's point at which tax outgo is the same in both regimes? Check salary and deduction levelsClick 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 ...
In such a situation, they have the choice to opt for the old tax regime while filing the tax return, even though the employer withheld taxes based on the new tax ... breakeven point is the amount ...
Hosted on MSN9mon
New income tax regime vs old tax regime: Which should you pick? Deductions you claim are importantNew Tax Regime Vs Old Tax Regime: Selecting the most tax-efficient income tax regime, either the old or new, can be a challenging decision for many salaried taxpayers. The optimal choice depends ...
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.
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 ...
Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant income tax relief for the middle class in the Union Budget 2025, eliminating ...
However, this tax break, offered under section 80CCD(2) is available only to salaried taxpayers. However, since this benefit cannot be extended to self-employed individuals under the new regime ...
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.
Results that may be inaccessible to you are currently showing.
Hide inaccessible results
Feedback