The Income Tax Department has introduced an online calculator for taxpayers to compare their potential savings under the newly default New Tax Regime, effective April 2025. The initiative aims to ...

The Government of India levies tax upon the income of salaried and self-employed citizens of all age groups. Once you figure out which tax slab you fall under as per your tax regime, it becomes easier ...

The Union Budget 2025 introduces significant changes to India's income tax structure, offering substantial relief to salaried ...

Finance Minister Nirmala Sitharaman while presenting the Budget announced that under the New Tax Regime (NTR), no income tax will ... State Bank of India, the rationalisation of personal tax ...

you would pay a total income tax of Rs 1,72,500 -- Rs 52,000 more than what you will pay under the new regime. Divya Baweja, Partner, Deloitte India, told NDTV, "To decide whether to opt for the ...

A tax payer in the new regime with an income of Rs 12 lakh will get a benefit of Rs 80,000 in tax. A person having income of Rs 18 lakh will get a benefit of Rs 70,000 in tax.

Due to this hike, resident individuals having net taxable income up to Rs 12 lakh will pay zero tax. Salaried individuals having standard deduction benefit of Rs 75,000 under the new tax regime will ...

If the taxpayer's age is 80 years or more, then he/she will be considered a super-senior citizen, and income up to Rs 5 lakh will be exempt from tax in a financial year. Remember, the new tax regime ...

First of all, you need to visit income tax department's website and click on tax tools. Now, there are three options of calculators: Tax Calculator: Old vs New Regime, Tax Calculator and Income ...

Also Read Your up to Rs 12 lakh annual income is not tax-exempt as wrongly perceived – it’s taxable! Tax structure decoded here Income tax calculator ... under the new regime has been revised.

Finance Minister Sitharaman said that after the changes made under the new tax regime, there will be a saving of Rs 80,000 on an income of Rs 12 lakh, Rs 70,000 on an income of Rs 18 lakh ...