The new tax regime simplifies income tax, but with fewer deductions in play, taxpayers must make the most of the available ...
Introduced in 2020, the new tax regime became a default regime in 2023. To be able to file tax return under the old tax ...
The biggest change is the revised tax slab, which ensures that individuals earning up to Rs 12 lakh annually will not have to pay any income tax ...
Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant ...
Latest Income Tax Slabs FY 2025-26 after Budget 2025: In the new tax regime for FY 2025-26, individuals earning up to Rs 12 ...
India Today on MSN1d
Old vs New tax regime: Which one should you choose for income above Rs 12.75 lakh?What if you earn more than Rs 12.75 lakh? Should you pick the new tax regime for lower rates or stick to the old one for ...
For individuals earning Rs 15 lakh annually, opting for the old tax regime can result in tax savings of up to Rs 48,100, ...
In the Budget 2025, Finance Minister Nirmala Sitharaman increased the income tax rebate limit from Rs 7 lakh to Rs 12 lakh in the New Tax Regime. Effectively, individuals earning up to Rs 12 lakh will ...
Business Today on MSN13m
Taxes after Budget 2025: How much tax will an individual pay on Rs 36 lakh annual salary if he gets a hike of Rs 1 lakh?Under the new tax system, middle-class individuals and salaried taxpayers earning up to Rs 12 lakh (or Rs 12.75 lakh for ...
New system's simplicity, reduced tax liability, increased disposable income potential 'make it a formidable alternative' ...
Union Finance Minister Nirmala Sitharaman explained that these revisions are designed to increase disposable income, ...
Introduced in the Union Budget 2020, the new tax regime offers significant reductions in tax rates, but limits the ...
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