Income Tax Exemption Limits However, the old tax regime will be same as earlier. Here are the slabs till now: The existing tax brackets under the Old Tax Regime remain in effect for the financial ...
Amid the new Income Tax Bill 2025, we answer some FAQs on tax slabs, old vs new regime, the new income tax rules, exemption ...
It is to be noted that while the new regime provides a lower tax rate for specific tax slabs, the old tax regime has enough room for claiming deductions under Chapter VI-A against various ...
For individuals who do not invest heavily in tax-saving instruments, the new tax regime could be more beneficial due to lower ...
In 2020, the Government of India introduced a new tax regime that offered concessional tax rates while scrapping most of the deductions and exemptions offered under the old tax regime. Most small ...
Now, according to the old tax regime slabs, you would pay a total income tax of Rs 1,72,500 -- Rs 52,000 more than what you will pay under the new regime. Divya Baweja, Partner, Deloitte India ...
The Union Budget 2025-26 has revised the income tax slabs and rates under the new tax regime, while the rate for taxpayers in the old income tax regime remains unchanged. Here’s how the ...
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 ...
FM Nirmala Sitharaman announced major income tax relief, with no tax payable on income up to Rs 12 lakh. New tax regime to be ...
The new, simplified tax regime is now a clear winner in the case of most tax slabs, show Deloitte calculations. In case of ...
The old tax regime remains unchanged. 'Taxpayers opting for it will continue to follow the existing slab rates and deductions.' IMAGE: The live telecast of Union Budget 2025 at an electronics ...
New Delhi: In a major move to ease the tax burden on middle-class taxpayers, Finance Minister Nirmala Sitharaman on Saturday announced fresh tax slabs ... under the old tax regime, the basic ...