New Tax Regime 2025: These exemptions, deductions will be available for taxpayers
In the Budget 2025, Finance Minister Nirmala Sitharaman increased the income tax rebate limit from Rs 7 lakh to Rs 12 lakh in ...
Budget 2025: Tax deductions, exemptions under New Tax Regime and Old Tax Regime for FY2025-26
In Budget 2025, the government opted not to modify the existing tax regime or introduce any new deductions. Finance Minister ...
New tax regime: Deductions and exemptions explained
The new tax regime simplifies income tax, but with fewer deductions in play, taxpayers must make the most of the available ...
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What Is Standard Deduction Benefit In New Tax Regime That Helps Raise Income Tax Slab?
Finance Minister Nirmala Sitharaman announced a major tax relief by raising the tax slab under the new tax regime for the ...
New Tax Regime: Should you opt for it over old tax regime? All about income tax slabs, exemptions and more
Introduced in 2020, the new tax regime became a default regime in 2023. To be able to file tax return under the old tax ...
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Budget 2025: Will 80C and standard deduction be available under new tax regime?
Under the old tax regime a standard deduction of Rs 50,000 is available for the salaried class, on the other hand, under the ...
Equilisation point for tax-savings under old and new tax regime
Save more tax in old tax regime by claiming up to Rs 8.5 lakh tax deductions for a salary income up to Rs 25 lakh. Moreover, ...
Will Budget 2025 raise the basic exemption limit, standard deduction under the new tax regime?
Finance Minister Nirmala Sitharaman may not scrap the old tax regime, but tax sops, if any, are likely to be announced only ...
How to pay zero tax in new tax regime: 2 deductions salaried taxpayers can claim to reduce taxable income to Rs 12 lakh
The new tax regime allows a salaried individual to claim a standard deduction of Rs 75,000 from the salary income. There is ...
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How much can you save with maximum deductions under old income tax regime?
What if someone earning above Rs 12.75 lakh annually chooses the old regime and claims the maximum deductions? Will it result ...
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Budget 2025 income tax: Why standard deduction should be hiked under new tax regime
Budget 2025 income tax expectations: Standard deduction is a flat deduction available on the salary income that helps reduce the taxable income of a taxpayer. Personal tax experts are of the view ...
CBDT tax calculator: If your annual salary is Rs 15 lakh, which tax regime should you opt for - new tax or old tax?
In her Budget 2025 address, FM Nirmala Sitharaman announced modifications to the new tax regime, such as the exemption of up ...