The new regime forgoes most of these. Old tax regime vs new tax regime: Standard deduction The standard deduction for ...

There will be no income tax payable upto income of Rs 12 lakh (i.e. average income of Rs 1 lakh per month other than special rate income such as capital gains) under the new regime. This limit ...

The new tax regime has been made as a default one ... rates unchanged for salaried individuals below 60 years old. The existing tax slab rates are as follows: nil for individuals earning up ...

Income Tax Budget 2024: Sitharaman said income of up to ₹3 lakh will continue to be exempted from income tax under the new regime. New income tax vs. old income tax slabs: Finance Minister ...

The income tax system in India operates through a progressive slab structure ... changes were introduced to the tax slabs under the new tax regime, alongside some adjustments to exemptions ...

Here's everything you need to know about which deductions are claimable under the new tax regime 2025-26 and the benefits ...

New vs Old Tax Regime: In a major relief for taxpayers ... The revised tax structure also introduces a 25% tax slab for incomes between Rs 20 lakh and Rs 24 lakh. Finance Minister Nirmala ...

The 5 per cent tax bracket is now Rs 4 lakh - Rs 8 lakh, up from Rs 3 lakh - Rs 7 lakh earlier. The Rs 7 lakh - Rs 10 lakh slab ... the new slabs are for those opting for the New Tax Regime ...

Budget 2025 income tax expectations: Most personal tax experts are of the view that the government will phase out the old ... in the new tax regime including changing the income tax slab rates ...

A collection of the most-viewed Moneycontrol videos. Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting ...

Income tax slab for AY 2025-26::Money experts say ... many tax-saving investments or have no eligible deductions. New vs old tax regime: Can I claim HRA exemption in the new regime?