Finance Minister Nirmala Sitharaman's Budget 2024 modified income tax slabs, favoring the new tax regime. The old regime, ...

This has reignited the debate between the New Tax Regime and the Old Tax Regime, with individuals weighing the benefits of ...

under the old tax regime and claim these deductions as a tax refund. However, you will need to opt out of the new tax regime. Many taxpayers are facing a dilemma about choosing the ‘right ...

Income tax slab: In Budget 2024, Finance Minister Sitharaman introduced key changes to the income tax slabs under the new tax regime ... However, the old tax regime remains unchanged.

The Federal Government has kicked-off the implementation of the 2024 Withholding Tax Regulations. The new regulations ... experienced with the old withholding tax regime was the failure to ...

The decision will depend on the specific deductions that each taxpayer can claim to ensure that their tax liability is lower under the old regime than the new one. One should note that there have ...

For the 2025-26 Assessment Year, individuals have the choice between the old and new tax regimes. The new regime may provide lower tax rates for different income levels, but it does come with the ...

Income Tax, Union Budget 2025: Here's the current income tax rates and slabs under both the New Tax Regime and the Old Tax Regime. Income Tax: In the upcoming Budget 2025, the government is likely to ...

impacting both the New Tax Regime and the Old Tax Regime. Below is a detailed guide on how to calculate your income tax under both regimes and insights on potential tax rate cuts that may be ...

Although the focus is on modernising the new tax regime, the old tax structure is unlikely to be overlooked. Many taxpayers still prefer the traditional system due to its established deductions and ...

This time, reforms to the new tax regime are anticipated to be more ‘user-friendly ... These changes would ensure that the old tax regime continues to be a practical choice for people who rely on its ...