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As the financial year 2025-26 begins, taxpayers must choose between the two income tax regimes when they file their income ...
The Union Budget 2025 has introduced some major changes to India’s income tax structure. If you’re a salaried employee or ...
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The attractiveness of the new tax regime has increased due to a hike in tax rebate under Section 87A and new income tax slabs ...
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India Today on MSNOld or New Tax Regime: Here's how to pick the right one before filing ITRUnder the old tax regime, taxpayers can claim various deductions and exemptions, while the new tax regime does not offer much ...
Under the new tax regime, individuals with annual income up to Rs 7 lakh can avail a rebate under Section 87A, meaning they ...
Both the old and new tax regimes have advantages and disadvantages, but the New Personal Tax Regime is the best option for taxpayers making up to Rs. 12 lakhs per year since it provides a full refund ...
The new financial year, FY26, has already started. With this new financial year comes the new Tax regime, which has a big difference in terms of many things. The government has recently rolled out ...
With the start of the new financial year, many income tax changes will take effect; understanding the latest income tax slabs ...
However, there’s a crucial caveat. This flexibility to change regimes is only available if the ITR is filed on or before the ...
Salaried individuals can switch between old and new tax regimes every year, while business owners have limited flexibility.
The new tax regime will have new income tax slabs from FY 2025-26. Many salaried employees hesitated to switch to the new tax ...
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.
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