Under the old tax regime, maximum rebate that one can claim is ₹12,500 – which can be claimed by the taxpayers earning upto ₹5 lakh. The government's inclination, if not intent, towards the ...

Implications for capital gains, wealth taxes, and investment strategies require careful consideration, notes Anil Rego, founder and CEO, RightHorizons. Illustration: Dominic Xavier/Rediff.com ...

While there were speculations about modifications in the Old Tax Regime, the government has chosen to keep it unchanged. Instead, it has focused on making the New Tax Regime more appealing. Over the ...

The Finance Minister did not mention the old tax regime during her speech and the Budget document, too, is silent on it. The document, however, specifies that the revised tax slabs apply to those ...

This triggers an old debate between old tax regime and new tax regime. However, if you are also confused between which tax regime to opt for, all you need to do is to enter all your earnings into ...

many individuals are contemplating whether to transition to the new tax regime or stick with the old one, which offers higher exemptions and deductions. The shift towards the New Tax Regime (NTR ...

and tax rates increase incrementally as income rises. However, under the old tax regime, the basic exemption limit was Rs 2.5 lakh, and individuals had access to a range of deductions. For income ...

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 ...

In the current structure, individuals earning up to Rs 3 lakh will pay no tax, and tax rates increase incrementally as income rises. However, under the old tax regime, the basic exemption limit was Rs ...

The Finance Minister gave salaried individuals a moment of joy with the news that those earning up to Rs 12 lakh a year will pay no tax — but only if they're willing to embrace the new tax regime. And ...

As Finance Minister Nirmala Sitharaman presented the Union Budget for 2025, discussions resurfaced regarding the potential phase-out of the old tax regime. In her budget speech, Sitharaman announced ...

When Moneycontrol asked during finance ministry's post-Budget briefing whether the government plans to phase out the old tax regime, finance secretary Pandey said that nearly three-fourth of the ...