3 days ago · With the upcoming Budget 2025, there are many expectations for changes in tax slabs to further adjust for current economic conditions. The Budget 2024 introduced significant changes to the tax slabs under the New Tax Regime, which will be …

3 days ago · Income Tax slabs 2025-26: How you can pay ZERO tax with Rs 13.7 lakh salary under new income tax regime Rupee slides down to record low of 87.29 after Trump's tariff threats GST rules for credit ...

3 days ago · Budget 2025 Income tax slab changes: The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income above Rs 15 lakh. However, the new tax regime offers limited deductions to taxpayers. Read this story to understand the income tax slabs proposed for the upcoming financial year 2025-26 and the current …

3 days ago · The new tax regime is a simplified tax structure introduced in Budget 2020, under which taxpayers can pay lower taxes but have to forego maximum deductions and exemptions. The new tax regime has lower tax rates than the old regime but eliminates the tax benefits of various investments and expenses.

2 days ago · A tax payer in the new regime with an income of Rs 12 lakh will get a benefit of Rs 80,000 in tax. A person having income of Rs 18 lakh will get a benefit of Rs 70,000 in tax. Those who make over Rs 25 lakh in a year will now be saving Rs 1.1 lakh.

TAX CALCULATOR – OLD REGIME VIS-À-VIS NEW REGIME Click here to view relevant Act & Rule.

New tax regime is the default tax regime. However, taxpayers can opt for the old regime. New vs. Old Tax Regime> FAQs 1) What is the difference between the old and new tax regime? Ans: The tax slabs and rates are different in old and new tax regimes. Various deductions and exemptions are allowed in Old tax regime. The new regime offers lower ...

New Tax Regime 2024: Check out here all the frequently asked questions about the new income tax regime for FY 2024-25 slabs, calculator, and deductions for salaried employees. Latest Budget brought in many surprising changes to the new tax regime.

3 days ago · Union Budget 2025: With income tax slabs becoming more attractive, it is quite tempting for the taxpayers now to choose a new tax regime over the old tax regime. Sample this: If your income is ...

3 days ago · Changes expected in old, new tax regime: Taxpayers are expecting a hike in the standard deduction limit under both old and new tax regimes in this year’s Union Budget.It is expected that FM Sitharaman will announce new tax slabs under the new tax regime today, as well as deductions for home loans, life insurance and healthcare policy premiums, bringing …