First of all, you have to look for the tax tools on ... regime vis-a-vis new regime. Before you can start with the actual calculation – you are supposed to choose three things i.e., taxpayer ...

with three slabs of 5%, 20%, and 30%, with little appeal. This is after the old tax regime offers all the deductions against investments in the tax savings scheme from gross taxable income.

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. The new income tax regime will feature the ...

1 crore to ₹5 crore salary: The comparison between the new and old regimes for different salary levels shows variations in tax liability ... higher in the new regime at all levels.

Here, we are going to talk about three deductions that can help taxpayers maximise their savings under the new tax regime. This is a fixed amount that can be subtracted from the taxpayers' total ...