An employee may choose between old and new tax regimes at the ... The decision to remain in the old tax regime or to switch to the new one shall be based on the tax savings deductions and ...

The Union Budget 2025 introduced some major changes to the new income tax regime, aimed at providing relief to middle-class taxpayers. Finance Minister Nirmala Sitharaman proposed an increase in ...

Income tax calculator FY 2025-26 The new tax regime is better than the old tax regime for income up to Rs 12 lakh (Rs 12.75 lakh for salaried people), even if one avails of the maximum possible ...

If your income is less than Rs 7 lakhs rebate is available under the new tax regime in which you don't have to pay tax at all. Under the old tax regime, such a rebate limit is Rs 5 lakhs.

Also read: Old vs New Tax Regime? Make sure which one to opt for with these 4 tips 3) If you have just 80C deduction of Rs 1.5 lakh then new tax regime might be better as back-of-the-envelope ...

If a taxpayer opts for the new tax regime once ... Once this level of deduction is crossed, the old tax regime becomes more attractive. Which one should you choose? All experts say that each ...

This has led many taxpayers to question whether they should switch to the new tax regime or continue with the old one, which offers higher exemptions and deductions. Tax experts suggest that ...

the new regime would be beneficial. If the claim for deductions/exemptions increases to Rs 3.80 lakh or more, then the old regime is beneficial. These comparative charts and examples suggest that, as ...

all details here Let’s compare the new tax regime vs the old tax regime according to the benefits made available under the new tax regime: Rebate under section 87A is available up to Rs 5,00,000 ...

many taxpayers are in a fix – whether to choose the new tax regime over the old. The government officials are claiming that after the budget changes, the new tax regime has become much more ...

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