salaried taxpayers have been wondering whether the old income tax regime will eventually be phased out. The new income tax regime was introduced as an optional tax regime FY 2020-21 onwards.

Budget 2025 income tax expectations: While it is well known that new income ... under the old income tax regime and is likely to implement stricter regulations, possibly paving the way for a ...

Before proceeding further, let us first understand the tax exemptions which are allowed under the old regime but not in the new tax regime. Although there are a few exemptions that are given under ...

Here we give a lowdown on the exemptions that are given under the old tax regime followed by those given under the new tax regime. III. Section 80D: Deduction towards health insurance premium and ...

said that scrapping the Old Tax Regime entirely and rationalising income tax slabs under the New Tax Regime is a logical next step. “Today, under the New Tax Regime, income tax has become much ...

Old Tax Regime vs New Ta Regime: Taxpayers often find themselves in a quandary when it comes to selecting the most suitable income tax regime. The Income Tax Department allows individuals to ...

The new tax regime has indeed become more appealing over the years, but many taxpayers still find that their tax outgo is lower under the old tax regime for the financial year 2024-25. On July 23 ...

has made changes in the new tax regime only. No changes have been made to the old tax regime. Last week, SBI Research shared its pre-Budget report suggesting complete elimination of all exemptions ...

adding maximum gains to consumers on account of removing all exemptions under the Old Tax Regime and bringing all taxpayers under the New Tax Regime. The research report, however, suggesting ...

A number of key reforms have been introduced in the past five years. In 2020, for instance, new tax regime was introduced for taxpayers whereas in 2024, capital gain structure was revamped. We give a ...

Latest data shows almost 3 out of 4 assesses are moving to the New Income Tax regime even when it gives no exemption. How do you read this trend? Also, can we expect some changes in the old as ...

Since its launch in Budget 2020, the government has regularly revised the new tax regime while keeping the old tax regime unchanged.