There is no change in old tax regime. All the benefits like HRA, Housing Loan, Insurance Premium, etc., are still available.

FM Nirmala Sitharaman announced major income tax relief, with no tax payable on income up to Rs 12 lakh. New tax regime to be ...

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 ...

Besides this, the benefit of standard deduction was extended to the taxpayers of the new tax regime as well. The highest surcharge was cut down from 37 per cent to 25 per cent in the new tax ...

The Government of India levies tax upon the income of salaried and self-employed citizens of all age groups. Once you figure out which tax slab you fall under as per your tax regime, it becomes easier ...

In case you are a non-resident individual or even a resident HUF, AOP or BOI you are not entitled to rebate under Section 87A ...

The Union Budget has made significant adjustments, including raising the cap of Rebates under Section 87A and drastically ...

Recognizing the contributions of the middle class and with an objective to eventually phase out the old tax regime, various ...

The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...

Taxpayers should note the revised tax slabs and rates announced in Budget 2025-26 will only be applicable for the Financial ...

In this write-up, we will analyze which tax regime — old or new — is more advantageous for individuals with an annual income ...

A major change introduced in the Finance Bill 2025 is restructuring the New Income Tax regime to provide more take home to salaried employees and encourage them to spend or invest further. The change ...