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 ...
The new tax regime starting April 1, 2025, could offer tax savings compared to the old regime, reducing liabilities by up to ...
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 ...
In Budget 2025, the threshold for lower tax rates has been increased to Rs 4 lakh (previously Rs 3 lakh), allowing ...
During the Union Budget 2025 presentation, sweeping changes to the nation’s tax structure were announced. The revised regime ...
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 ...
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. New vs old ...
Before filing your ITR, it is important to decide whether the new or old tax regime is more beneficial for you. The old tax regime offers various exemptions and deductions, but is it the right choice ...
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 ...
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 ...
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 ...