For AY2025-26, understanding tax liability under each income tax regime is crucial. Here's calculation for Rs 10 lakh, Rs 20 ...

Higher Income Brackets: For people with annual incomes above Rs 24 lakh, both regimes apply the same top tax rate of 30%. But ...

FY26 has brought with it several tax changes – the biggest one of them being the huge sweetener in the new income tax regime. This, along with major capital gains tax changes announced in July 2024 ...

As the financial year 2025-26 begins, taxpayers must choose between the two income tax regimes when they file their income ...

It is essential to inform your employer of your preferred tax regime on time to ensure that less tax is deducted from your ...

T department allows taxpayers to opt between the two tax regimes. However, the decision can significantly impact your tax ...

You should opt for the old tax regime if you want to claim deductions and exemptions for house rent allowance.

Union Budget 2025 introduces new tax slabs effective April 1, 2025, offering financial savings for salaried individuals under the new tax regime. Experts' guide to choose which one - old tax regime or ...

The attractiveness of the new tax regime has increased due to a hike in tax rebate under Section 87A and new income tax slabs ...

If you do not choose the tax regime thoughtfully and state it in the investment declaration to the employer, higher TDS may ...

The old tax regime offers more deductions and exemptions compared to the new tax regime, making it a preferred choice for individuals who can take advantage of these benefits. Additionally, the Budget ...

The new tax regime also offers a higher standard deduction. Last year, it was raised from Rs 50,000 to Rs 75,000 for salaried ...