Summary: Budget 2025 introduces significant changes to income tax slabs under the new tax regime for individuals. Key highlights include tax-free income up to ₹4,00,000, and progressive tax rates ...

Keep an eye on changes to surcharge rates for high earners or the introduction of new cess. Any increase ... you better prepare for changes in the tax regime and manage your finances effectively.

with an additional surcharge of up to 37% and a 4% on the total amount, depending on the new or old tax regime. In Budget 2023, the maximum surcharge for the new tax regime was reduced from 37% to 25% ...

According to the announcement made by Finance Minister Nirmala Sitharaman, there will be no income tax payable for ...

Taxpayers must choose between the old and new regimes based on their income structure and eligibility for deductions. The new regime offers lower rates and simplified calculations, while the old ...

Taxpayers must choose between the old and new regimes based on their income structure and eligibility for deductions. The new regime offers lower rates and simplified calculations, while the old ...

It is added that since the total income is less than ₹50 lakh, there is no liability to pay surcharge ... she will not be liable to tax under the new tax regime. Under the old tax regime ...