It is important to note that the changes in the income tax slabs under the new tax regime are effective from April 1, 2024, i.e., for the ongoing fiscal year, 2024-25.

Income tax slab for AY 2025-26: Finance Minister Nirmala Sitharaman's Budget 2024 modified income tax slabs, favouring the new tax regime. The old regime, with its deductions and exemptions, could ...

Income Tax Slabs 2024-25 New vs Old Regime: ... Supreme Court sides with Ohio's straight woman who claimed she was demoted because she was not gay Shreyas Talpade calls Akshay Kumar his 'elder ...

The new income tax regime will feature the revamped tax slabs from April 1, 2025 onwards, with individuals not requiring to pay any tax if their income does not exceed ₹12 lakh. However, this is ...

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 ...

UP Woman Thrashed By Husband And In-Laws, Hot Iron Pressed On Genitals, Dies. ... Now, according to the old tax regime slabs, you would pay a total income tax of Rs 1,72,500 ...

Tax Slabs Under the New Tax Regime which is applicable in the financial year 2024-25. Introduced in the Budget 2020, the New Tax Regime offered lower tax rates. However, it provides fewer ...

The old income tax regime have been kept unchanged. Up to Rs 2.5 lakh: Nil Rs 2,50,001 to Rs 5 lakh: 5% Rs 5,00,001 to Rs 10 lakh: 20% Above Rs 10 lakh: 30%. Old Tax Regime vs New Tax Regime ...

Under the old tax regime, which still remains available for taxpayers, the income tax slabs are as follows: Up to Rs 2.5 lakh: No tax is applicable. Rs 2.5 lakh to Rs 5 lakh: 5 per cent ...

However, the old income tax slabs regime has not been abolished as well. Instead, taxpayers now have the option between the two regimes when paying for their taxes. But which one is better?

Here's an analysis of tax slabs for senior citizens under the Old Tax Regime and New Tax Regime Old Tax Regime The basic exemption limit for senior citizens is Rs 3 lakh, while it is Rs 2.50 lakh ...

Though the new income tax regime will feature revamped tax slabs from April 1, 2025 onwards, the old regime offers a slew of deductions and exemptions. Thursday, Jun 19, 2025 New Delhi o C ...