The new regime offers lower tax rates, but does not allow most tax deductions. On the other hand, the old regime permits ...

The decision between the old and new regime depends on available deductions and exemptions. If the assesse has deductions and ...

As each financial year begins, salaried individuals across India face a common dilemma—Should I opt for the old tax regime or ...

A taxpayer can switch to the old income tax regime while filing the Income Tax Return (ITR), subject to certain conditions ...

At the time of filing income tax return, taxpayers are supposed to be aware of different provisons which apply to the new tax ...

According to Budget 2025, under the new tax system, you don’t have to pay tax on income up to ₹12.5 lakh. This is a big jump ...

Disallowed deductions' related business losses expire in the new tax regime, while ordinary business losses can continue to ...

On the other hand, the New Tax Regime offers lower tax rates but no deductions or exemptions ... If you wish to continue with the old tax regime, you must inform your employer.

Choosing between the old and new tax regimes depends on factors like home loan deductions, income level, and personal financial goals, with the old regime benefiting those with high deductions and the ...

Budget 2025 brought significant changes to India's income tax structure. Under the new tax regime, the basic exemption limit ...

Old tax regime, however, still offers taxpayers a range of options to save taxes through various eligible deductions and exemptions post 2025 Union Budget. On the other hand, the new tax regime has a ...

Under the new tax regime, you will have to pay tax of Rs 1,04,000. Under the old tax regime, after claiming 80C (already ...