This facility is not available in the new regime. Your income falls in a higher tax bracket. The highest tax rate of 30% in the old tax regime applies to income of Rs 10 lakh, while in the new tax ...

For instance, under the old tax regime, a 30 per cent tax bracket kicks in as you cross the ₹10 lakh threshold, whereas, in ...

For instance, if you fall under the high tax bracket and are entitled to fewer tax deductions, the new tax regime makes more sense. Conversely, when you have invested in a large number of tax ...

A reform has long been desired by the 6.8 crore individual taxpayers, 1.5 crore registered firms, as the introduction of a ...

New tax slabs for 2025-26 increase tax-free income to ₹12.75 lakh for salaried individuals (including ₹75,000 standard ...

The new regime, on the other hand ... which increases to 10% in the Rs 8 lakh to Rs 12 lakh bracket. The tax rates for the brackets of Rs 12 lakh to Rs 16 lakh, Rs 16 lakh to Rs 20 lakh, and ...

"The Rs 7.5-10 lakh bracket is levied at 10 per cent and ... with a salary of Rs 9 lakh without any investments, the new regime's tax (Rs 45,000) is less than the old regime's Rs 92,500. " ...

For the tax brackets of Rs 20,00,001-24,00,000 and above Rs 24,00,001, the entries are NA as no taxable income remained after the fifth bracket. Had there been any remaining income after the fifth ...