Do you follow the new tax regime or the old tax regime? Will you switch to the proposed new tax regime once it is implemented ...

Key amendments introduced under the new tax regime for FY 2025-26 (AY 2026-27) 2. No Tax upto 12 lakh Enhanced Tax Rebate (Section 87A): The tax rebate under Section 87A has been enhanced and ...

No more running after proofs, no more figuring out which investment saves the most tax. Just take your total income, slap on the tax rate, and boom—you’re done. No last-minute scrambling, no endless ...

their taxes will be deducted based on the new structure. The ability to switch between these two regimes depends on the type of income earned. In the last budget, existing income tax slabs under the ...

Salaried employees must declare their tax regime choice annually, while non-business income earners can switch between the new and old tax regimes each year before the income tax return due date.

the new regime typically offers a higher take-home pay. The comparison between the new and old regimes for different salary levels shows variations in tax liability and in-hand income.

The proposed new tax regime will be implemented from April 1, 2025. An income up to Rs 12,75,000 will be tax-free for ...

With just a few weeks to go before the end of the tax year on 5 April, what are the financial planning aspects to consider ...

An individual taxpayer can get a tax rebate of up to Rs 12,500 under Section 87A in the old tax regime. However, unlike the new tax regime, the old tax regime offers various deductions and exemptions ...

Belgium's new Federal Government is planning on making changes to how expats are taxed ... In 2021, then Finance Minister Vincent Van Peteghem (CD&V) announced that the tax regime would be phased out ...

South Africans living in the UK face significant tax changes from April 2025, as the non-domiciled tax regime is abolished.