How to switch to the Old Tax Regime if your company opted for the New Tax Regime; check details
Switching between the Old Regime and the New Regime is possible for individuals, allowing their annual tax regime to ...
After Budget 2025, should you opt for old or the new tax regime?
A comparison of the two regimes would clearly indicate that the intention of the Government is to streamline the process and ...
Tax Guru5d
Form 10-IE Filed, But Old Regime Return filed: ITAT Pune Rejects New Tax Regime Enforcement
JCIT (A) upheld the CPC’s action, stating that under section 115BAC, once the option for the new regime is exercised, it cannot be withdrawn for the current year, only for subsequent years. However, ...
There is no plan to phase out old tax regime: CBDT Chairman Ravi Agrawal
Agrawal discussed a range of topics, including framing of tax proposals, and why he feels most taxpayers would opt for the ...
ITR 2024-25: Are the latest Budget 2025 tax slabs applicable for tax filing in AY 2025-06? Details here
Taxpayers should note the revised tax slabs and rates announced in Budget 2025-26 will only be applicable for the Financial ...
Tax Guru1d
Auto Income Tax Calculator for FY 2025-26
The government introduced a new tax regime of lower tax rates in Budget 2020, which continues in FY 2025-26. In Budget 2025, the government pushed for the adoption of the new tax regime of lower tax ...
What Rs 12 Lakh Exemption Means And How Tax Is Calculated If You Earn More
The government has revised the tax structure under the new regime with Finance Minister Nirmala Sitharaman announcing that ...
New income tax slabs for FY 2025-26: 30% tax now starts at Rs 24 lakh, income up to Rs 20 lakh to be taxed at 20% in Budget 2025
The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...