Freeing the few remaining political prisoners, the mob began, stone-by-stone, dismantling the building that had come to symbolize the injustice of the old regime. This was the Revolution of 1789. On ...
Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant income tax relief for the middle class in the Union Budget 2025, eliminating ...
The Union Budget 2025 has brought significant changes to India’s personal income tax structure, raising the question: “Should you opt for the old tax regime versus the new tax regime?” Whether you’re ...
The new tax regime offers significant benefits for income up to Rs 12 lakh (Rs 12.75 lakh for salaried), surpassing the old regime's appeal despite deductions. Choosing the old regime makes sense ...
First, zero tax up to ₹12 lakh as well as the attractive new tax slabs are only applicable to the new tax regime. At the same time, the old tax regime does remain relevant in some cases.
In 2020, the Government of India introduced a new tax regime that offered concessional tax rates while scrapping most of the deductions and exemptions offered under the old tax regime. Most small ...
“The Union Budget 2025 brings the old versus new tax regime debate back into focus, highlighting the need for tailored financial planning. The old regime’s exemptions suit those who prioritise savings ...
New vs Old Tax Regime: In a major relief for taxpayers, the Union Budget 2025 has revamped the new tax regime, exempting individuals earning up to Rs 12 lakh annually from income tax. In a major ...
As Finance Minister Nirmala Sitharaman presented the Union Budget for 2025, discussions resurfaced regarding the potential phase-out of the old tax regime. In her budget speech, Sitharaman announced ...
Taxpayers who have plain salary income are most likely to go for this regime but what about those who have investments, educations expenses for their children, and other savings like NPS? Here’s why ...