A surcharge is also applicable on incomes exceeding Rs 50 lakh in both the tax regimes. However, the surcharge rates are different in old and new tax regimes for incomes exceeding Rs 50 lakh.

With the start of the new financial year, many income tax changes will take effect; understanding the latest income tax slabs will help you select the tax regime that works best for you. Here are the ...

The new tax slabs under the New Tax Regime for FY 2025-26 are now in effect. Find out how the changes impact salaried ...

Salaried individuals can switch between old and new tax regimes every year, while business owners have limited flexibility.

A number of changes pertaining to income tax slabs under the new tax regime go into effect on April 1, 2025 (FY26), as ...

The tax rates for the brackets of Rs 12 lakh ... With recent budget changes, over 90% of taxpayers may shift to the new regime. But in some cases, the old regime still saves more tax.

President Donald Trump has announced a new tariff policy that imposes a 10% baseline tax on most imports, with higher rates ...

vs 57.54% (Old) at ₹10 crore,” Soni added. The new tax regime offers slightly lower tax rates and a higher in-hand salary across different income levels, making it a more attractive option for ...

Some people opt for the old tax regime due to the ... may consider switching to the new one since the Union Budget 2025 has substantially brought down the slab rates for incomes up to ₹24 ...