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.

Taxpayers in India have the choice to choose between two tax regimes: the Old Tax Regime and the New Tax Regime. The Old Tax Regime is popular among taxpayers as it offers deduction and exemptions ...

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 ...

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 ...

Within the old tax slab, people with the income up till ₹2,50,000 are not taxed anything. Till ₹5,00,000 they are taxed 5%, 20% till ₹10,00,000 and 30% for incomes above that, with exemptions and ...

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 ...

Speculation grows over Old Tax Regime's future as Union Budget 2025 nears The old tax regime offers more deductions, while the new one simplifies taxes Finance Minister says no decision yet on ...