Depending on your salary ... Tax Bracket In the old regime, the 30% highest tax rate kicks in once your income crosses ₹10 lakh. But in the new regime, this top tax rate applies only after ₹15 ...

When we think about availing tax benefits on a home loan, the first picture that strikes our mind is of the old tax regime ... tax benefit by age 60 New Tax Regime Calculations for FY2526: How you can ...

The exemption under Section 10(15)(i) of the Income-tax Act is available for both New Tax Regime and Old Tax Regime ... up to 14% of their basic salary and dearness allowance, and private sector ...

With Budget 2025 ushering in major tax reforms, individual taxpayers now face a crucial decision — should they adopt the simplified new ... 15% Rs 16 lakh to Rs 20 lakh – 20% What sets the old ...

While Ambani’s wealth is known to all but very few are aware about their staff’s salary ... is liable to pay income tax under either the old or new tax regime. The new regime calculates ...

ET Online Income Tax Regime: The TDS on salary will be deducted at default tax regime if you fail to inform your employer about the preferred tax regime. Pakistan tried to hit military targets in ...

The income tax rules allow a taxpayer to choose any tax regime while filing an income tax return. This means that an individual who has opted for the old tax regime for TDS on salary for FY 2024–25 ...

Increased monthly cash flow As you're not tying up money in long-term tax-planning schemes, you've more flexibility to use your salary as you please – for spending, saving, or investing. Taxpayers ...

Once they opt for the new tax regime, they can go back to the old regime only once ... employers that summarises the salary paid and TDS deducted during the financial year. Employers are mandated to ...