New Income Tax Bill to be tabled today

Are you required to choose the New Tax Regime once more in the 2025 Income-Tax Bill? What's the scope for Old Tax Regime
Taxpayers who have already selected the new tax regime in the Income-Tax Act 1961 will not need to choose it again in the upcoming Income Tax Bill 2025. The current regulations for selecting a tax regime will remain unchanged in the new bill.
New tax regime vs old tax regime post Budget 2025: These income earners may still benefit from old tax regime
The proposed changes could substantially increase the disposable income available to both middle-class and high-income earners. The benefit will be more pronounced at the bottom of the income pyramid.
New Income Tax Bill 2025: All FAQs on tax slabs, old vs new regime, and more answered
Amid the new Income Tax Bill 2025, we answer most FAQs on tax slabs, old vs. new regime, the new income tax rules, exemption limits and more.
New Income Tax Slabs for 2025: Old vs New Regime – Key Questions Answered
The old tax regime, which remains unchanged in the 2025 Budget, allows taxpayers to claim various exemptions such as House Rent Allowance (HRA), deductions under Section 80C (like for life insurance premiums and retirement savings), and interest on home loans.
New vs old income tax regime after Budget 2025: Post income tax slab changes, which tax regime is better for salaried middle class taxpayers?
Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant income tax relief for the midd
New Income Tax Bill: Can you still opt for the old tax regime for FY26?
Nirmala Sitharaman's new Income Tax Bill takes effect in April 2026. Can taxpayers still opt for the old tax regime in FY26? Find out what experts say.
India to present new bill in Parliament to replace decades-old income tax law
India will introduce a new condensed version of its income tax law in the lower house of the Parliament on Thursday, which aims to simplify the six decades old rules that have led to a slew of litigations.
When is new Income Tax Bill likely to come into effect?
Once the new income tax bill is passed by Parliament, many taxpayers and common citizens will wonder when it will come into effect. Will the government provide ample time for taxpayers, tax experts and other stakeholders to understand the new law and its impact on them?
New vs old tax regime: Which income tax regime to choose, what should save your money? Read this to clear all your income tax confusions
Income tax calculator FY 2025-26 The new tax regime is better than the old tax regime for income up to Rs 12 ...
Forbes8d
Old Vs. New Tax Regime: Which One Should You Choose?
Which is better, the old or the new tax regime? Choosing between two tax regimes may vary from person to person. It is advisable to do a comparative analysis and evaluation under both ...
The Financial Express10d
New Tax Regime vs Old Tax Regime: Which offers better deductions and exemptions?
For individuals who do not invest heavily in tax-saving instruments, the new tax regime could be more beneficial due to lower ...
Old tax regime vs new tax regime: How to choose and switch
As the Finance Minister presented the Union Budget 2025, taxpayers are left pondering: Old Tax Regime or New Tax Regime? Which one should one opt for? With changes to income tax slabs for FY26.
Old tax regime to continue along with new one, tax tabulation for FY25 to be done under existing Act
New Income Tax Bill retains provisions from 1961 Act, offers flexibility, transparency, and aims to simplify tax laws.
New income tax slabs for FY 2025-26: 30% tax now starts at Rs 24 lakh, income up to Rs 20 lakh to be taxed at 20% in Budget 2025
The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...