2 days ago · Explore the Latest Income Tax Slabs & Rates for FY 2024-25 (AY 2025-26): Compare the New and Old Tax Regimes to find the best savings options for you.

Dec 24, 2024 · The new tax regime is a simplified tax structure introduced in Budget 2020, under which taxpayers can pay lower taxes but have to forego maximum deductions and …

Jan 19, 2025 · As a result of the above changes, a salaried employee in the new tax regime can save up to Rs. 17,500 in taxes. The Budget 2024 introduced significant changes to the tax …

New tax regime is the default tax regime. However, taxpayers can opt for the old regime. What is the difference between the old and new tax regime? Ans: The tax slabs and rates are different …

The proposed Union Budget 2023-24 budget aims to establish the New Tax Regime as the primary tax system, while still allowing the salaried-class taxpayers the choice to opt for the …

In the old tax regime, taxpayers have the option to claim various tax deductions and exemptions. In "non-business cases", option to choose the regime can be exercised every year directly in …

Jan 15, 2025 · Choosing the right regime can significantly impact your final tax liability. This article will guide you through the intricacies of both regimes, helping you determine which one offers …

Aug 13, 2024 · While both the old and new regimes have merits and demerits, it can be cumbersome for taxpayers to pick the best-suited tax regime. Here is a simplified assessment …

3 days ago · As per the Central Board of Direct Taxes for FY 2023-25 approximately 72% of the taxpayers adopted the new tax regime as at July 2024 reflecting an increasing trend of …

Jul 8, 2024 · The new tax regime was introduced in Budget 2020 as a means to simplify tax calculations and offer concessional tax rates. So, unless you do not categorically opt for the …