However, this is only if the person chooses the new regime. Some people opt for the old tax regime due to the slew of deductions and exemptions it offers in certain cases. Also Read: Elon Musk ask ...

Confused between the old and new tax regimes for FY 2024-25? Understand key differences like tax slabs, deductions and exemptions to make the best choice. Use income tax calculator to compare both ...

the new regime typically offers a higher take-home pay. The comparison between the new and old regimes for different salary levels shows variations in tax liability and in-hand income. New vs old ...

The government’s new tax regime isn’t for everyone. If you earn less than ₹13 lakh per annum, it might make more sense for you to stick to the old tax slabs. However, if you earn more than ...

Filing your Income Tax Return (ITR) in 2025? If you're wondering whether you can shift between the new and old tax regimes, you're not alone. The ability to switch depends on your source of income ...

Note:The slabs and rates of tax in the 'Proposed New Tax Regime Slab Rate' column apply ... To calculate income tax as per the old income tax slab, you need to follow a few steps.

The new tax ... a better regime for all. Taxpayers still need to look at their personal situation, various investments and expenditure that are eligible for tax exemption under the old regime ...

Come April 1, 2025, changes in the income tax slabs will come into effect under the new tax regime. While it is up to individual taxpayers to choose between the old and new tax regimes, the ...

and Rs 28 lakh in old and new tax regime Proposed New Tax Regime Calculations: Is your salary Rs 12,78,000? Will you be taxed on Rs 3,000, or Rs 12,78,000; check details ...

The Income Tax ... New Tax Regime for the fiscal years 2024-25 and 2025-26, following the Budget 2025 proposals. This tool allows individuals to compare their tax liability under both the old ...

Though the new income tax regime will feature revamped tax slabs from April 1, 2025 onwards, the old regime offers a slew of deductions and exemptions.