April is the month when your employer asks you to choose between the old and new tax regime for TDS on salary for FY 2025-26.

Though the new income tax regime will feature revamped tax slabs from April 1, 2025 onwards, the old regime offers a slew of ...

Before filing Income Tax Return (ITR) in FY 2024-25 under the old income tax regime you need to complete all necessary steps ...

1. The applicability of the Rebate under section 87A on Short-Term Capital Gain under the New Regime is a highly debatable ...

The upcoming tax ... Old Regime may be more advantageous for you: Annual CTC of 20 LPA: More than Rs 7.58 Lakhs in deductions Annual CTC of 13 LPA: More than Rs 5.44 Lakhs in deductions Annual CTC ...

Old Tax Regime Vs. New – Which Saves You More? Your ability to switch between the two depends on your source of income. While ...

There are two types of income tax slabs - one under new tax regime and other under old tax regime. What is the difference between gross income and taxable income? Gross income includes all your ...

Old tax regime: The financial year 2024-25 is nearing its end, and taxpayers under the old tax regime have only a few weeks left to make eligible investments to claim deductions. To avail of ...

The data reveals a clear trend: the new regime typically offers a higher take-home pay. The comparison between the new and old regimes for different salary levels shows variations in tax liability ...

The government’s new tax regime isn’t for everyone. If you earn less than ₹13 lakh per annum, it might make more sense for you to stick to the old tax slabs. However, if you earn more than ...

Though the new income tax ... use the old regime may consider switching to the new one since the Union Budget 2025 has substantially brought down the slab rates for incomes up to ₹24 lakh.( ...