Finance Minister Nirmala Sitharaman's Budget 2024 modified income tax slabs, favoring the new tax regime. The old regime, ...
The Union Budget 2025-26 is anticipated to bring potential income tax relief, especially for individuals earning up to Rs 15 ...
Announcing a cut on the existing tax rates prevailing across four taxation slabs ... available under the old tax regime and nothing more, subscribing to the new tax regime will provide a ...
Under the new tax regime, the same taxpayers will have to pay ₹1,95,000. However, if you don’t avail any tax saving options — you would be paying ₹2,73,000 subject to the old tax slabs.
The year 2024 has brought in significant changes to India's personal income tax structure, with multiple reforms announced in ...
Income tax slab: In Budget 2024, Finance Minister Sitharaman introduced key changes to the income tax slabs under the new tax regime to ... However, the old tax regime remains unchanged.
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Most of the income tax changes announced in July 2024 will affect tax deductions and exemptions that can be claimed while filing an income tax return (ITR) in July 2025. ET Wealth Online has listed 15 ...
Individual taxpayers are currently facing confusion regarding the choice between the old ... new tax regimes, which were introduced in the Union Budget 2023. While the new regime offers lower slab ...
The old tax regime with the regular income slabs and eligible deductions/exemptions and the new tax regime with relatively wider income slabs and lower tax rates, without most deductions ...