Budget 2024 has proposed changes in the income tax slabs ... rates are different in old and new tax regimes for incomes exceeding Rs 50 lakh. The surcharge rates are lower in the new tax regime ...

Latest Income Tax Slabs, Rates In Budget 2025 ... However, choosing between the old regime and the new tax regime is dependent on the person and his/her financial profile. Notably, the The ...

New Tax Regime vs Old Tax Regime Slabs and Rates: Finance Minister Nirmala Sitharaman has announced significant income tax relief for the middle class in the Union Budget 2025. Budget 2025 New Tax ...

According to the official income tax website, the tax slabs and rates are different in old and new tax regimes. Various deductions and exemptions are allowed in the old tax regime. The new regime ...

And in the Rs 12 lakh - Rs 16 lakh slab, the rate ... to the old tax regime slabs, you would pay a total income tax of Rs 1,72,500 -- Rs 52,000 more than what you will pay under the new regime.

Income tax slab for AY ... is taxed at a rate of 30 per cent. The old regime allows you to claim various deductions and exemptions (eg, under Section 80C, 80D, HRA). The new regime forgoes most ...

“Democracy, Demography and Demand are the key support pillars in our journey towards Viksit Bharat. The middle class provides strength for India’s growth. This Government under the leadership ...

On the other hand, the old tax regime provides several deductions under various Sections of the Income Tax Act, 1961, though the tax rates are higher. New tax regime slabs (for taxpayers below 60 ...

In the fiscal year 2025-26, starting from April 1, 2025, the New Tax Regime will see new income tax slabs, including a tax rebate of Rs 60,000 for income up to Rs 12 lakh (and Rs 12.75 lakh for ...

As a tax-paying citizen in India, you might be already aware of the revision to income tax slabs in India every year. With the new tax regime slabs, certain changes have come about. For instance ...