Mint6d
Income Tax: These are the exemptions given under the old and new tax regimes; check list
Income Tax: Standard deduction of ₹75,000 from salary is given under the new tax regime In FY 2023, the income tax regime became a default regime for all taxpayers. This means the taxpayers are ...
Budget 2025: Tax deductions, exemptions under New Tax Regime and Old Tax Regime for FY2025-26
In Budget 2025, the government opted not to modify the existing tax regime or introduce any new deductions. Finance Minister ...
Indiatimes2d
New vs old income tax regime after Budget 2025: Post income tax slab changes, which tax regime is better for salaried middle class taxpayers?
Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant income tax relief for the middle class in the Union Budget 2025, eliminating ...
Indiatimes5d
Budget 2025 Income Tax
the old income tax regime might remain unchanged. Currently, the new tax regime offers a basic exemption threshold of Rs 3 lakh. There are expectations that this threshold could be raised to Rs 5 ...
India.com2d
Income Tax Slabs and Rates: New Regime Vs Old Regime
it permits taxpayers to take advantage of several exemptions and deductions. Below are the current tax slabs:Income up to Rs 2,50,000: Nil Income from Rs 2,50,001 to Rs 7,00,000: 5 percent Income ...
moneycontrol.com3d
Income Tax Expectations: Higher tax exemption, new slabs likely for salaried class
Raising the income tax exemption limit to Rs 5.7 lakh, adjusted for inflation. Increasing fixed deductions and exemptions, such as: Raising the Rs 10,000 savings interest deduction to Rs 19,450 by ...
What does no income tax up to ₹12 lakh really mean? Decoding differences between tax rebate, deduction & exemption
Finance Minister Nirmala Sitharaman raised the nil income tax slab to ₹12 lakh for salaried individuals. This entails a tax ...
Mint2d
NO income tax till ₹12 lakh: A look at the new tax slabs vs. current tax slabs
Income Tax 2025: Nirmala Sitharaman’s 2025 budget introduces a revamped tax structure, eliminating income tax for earnings up to Rs. 12 lakh. (REUTERS) Union Finance Minister Nirmala Sitharaman ...
Business Today3d
Union Budget 2025: New Tax Regime vs Old Tax Regime -- a look at expectations, deductions, exemptions
The Old Tax Regime remains popular due to its various deductions and exemptions, including those in Sections 80C and 80D of the Income Tax Act. For instance, Section 80C allows deductions of up to ...
moneycontrol.com5d
Income Tax Expectations: Relief for taxpayers with higher exemption limits and revised slabs?
Instead, the exemption allowed is the lowest of: If your annual income exceeds Rs 15 lakh and you claim deductions of at least Rs 4.33 lakh (plus Rs 50,000 standard deduction), the old tax regime ...
Business Today4d
Tax Slab Expectations: Meaningful tax relief, basic exemption limit to Rs 5 lakh, slash number of TDS rates in Budget 2025
Simplified tax ... deductions. Tax experts believe that no major changes in the old tax regime are expected. Any rationalisation in income tax slabs, rates and changes in basic exemption limit ...
The Financial Express5d
Budget 2025: Higher exemptions to revamped 80C, here’s what taxpayers expect from FM
Among the primary expectations of taxpayers are the rationalization of income tax slab rates, an increase in the Section 80C deduction limit ... increase the maximum exemption limit and reduce ...