New vs old tax regime: Is it time to switch to the new income tax regime or does the old income tax regime with higher tax exemptions and deductions still make sense? Income Tax Slabs FY 2025-26 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman has given the middle class, common man and…
Taxpayers who continue to favor the traditional structure are still hopeful for adjustments which are at least reflective of the rising inflation and costs of living in India. By Ravi JainBudget 2025 income tax expectations: The announcement of new income tax regime in India’s Union Budget 2020 was a progressive step by the Hon’ble Finance…
Budget 2025 income tax expectations: The new income tax regime was introduced as an optional tax regime from FY 2020-21. Budget 2025 income tax expectations: Ever since Finance Minister Nirmala Sitharaman introduced the new income tax regime with reduced tax rates and almost no deductions and exemptions, salaried taxpayers have been wondering whether the old…
New Tax Regime Vs Old Tax Regime: Selecting the most tax-efficient income tax regime, either the old or new, can be a challenging decision for many salaried taxpayers. The optimal choice depends on the amount of deductions from gross total income that can be claimed to reduce the taxable income. If the gross total income…
