A number of changes pertaining to income tax slabs under the new tax regime go into effect on April 1, 2025 (FY26), as mentioned in Budget 2025. The maximum tax rate of 30% would be applied to income ...

The old tax regime offers more deductions and exemptions compared to the new tax regime, making it a preferred choice for individuals who can take advantage of these benefits. Additionally, the Budget ...

The highest tax rate of 30 percent kicks in when annual income is more than ₹15 lakh in the new tax regime. Additionally, tax ...

Under the new income tax regime, taxpayers can now avail of a standard deduction of up to Rs 75,000, which makes an annual ...

Under the old tax regime, individuals and businesses could claim a variety of exemptions and deductions—such as house rent ...

The revisions introduced under the new tax regime is aimed to make the new regime easier, cut down on paperwork, and minimise ...

The revised income tax slabs for FY 2025-26 make sweeping changes in the new regime of taxation, providing new rates and bands for easy taxation. According to Pramod Kathuria, founder and CEO of ...

Key changes in Income Tax rules for FY2026, which were introduced in Union Budget 2025, include raised rebate limits, revised tax slabs, and removal of equalisation levy.

Old tax regime, however, still offers taxpayers a range of options to save taxes through various eligible deductions and ...

If you do not choose the tax regime thoughtfully and state it in the investment declaration to the employer, higher TDS may ...

Let's say you had earlier chosen the old tax regime, but now the new regime appears more beneficial after reviewing your ...

Income Tax: The financial year 2024–25 has come to an end and the tax filing season has kicked off. As the last date to file Income Tax Returns (ITR) is July 31, taxpayers now have nearly three ...