If you are availing of exemptions or deductions under the normal tax regime, you may end up paying more tax under the new tax ...

Tax calculator 2025: The Income Tax Department ... One common dilemma they face is whether to continue with the Old Tax Regime or switch to the New Tax Regime. In her Budget 2025 address, FM ...

In certain scenarios, the old tax regime may still offer a comparative advantage over the new regime. (Image: Financial Express) The proposals introduced by Finance Minister Nirmala Sitharaman in ...

The Income Tax Department has introduced an easy-to-use tax calculator on its official website to assist taxpayers in assessing their potential savings under the revised New Tax Regime for the ...

What are the different income tax slabs for individuals? There are two types of income tax slabs - one under new tax regime and other under old tax regime ... amount used to calculate your ...

Individuals can use this calculator to assess ... the adoption of the new tax regime by making it the default and potentially making it more attractive than the old tax regime.

Will the taxpayer have to pay tax on just Rs 1,000 or Rs 12.75 lakh? Read to know the answer. Before we answer this question, let's have a glance at the proposed new tax regime slabs. As per the chart ...

What is Income Tax Calculator ... New Tax Regime: No deductions available for home loan principal or interest. If you have a home loan, the old tax regime may be more beneficial.

and Rs 28 lakh in old and new tax regime Proposed New Tax Regime Calculations: Is your salary Rs 12,78,000? Will you be taxed on Rs 3,000, or Rs 12,78,000; check details Income Tax Calculations: What ...

As the old tax regime remains the same in the Budget 2025-26, taxpayers can check their old tax regime in this old income tax calculator: Step 1: Visit income tax portal for the existing income tax ...

An individual can access the calculator on the income tax website by clicking here. The government has been encouraging the adoption of the new tax regime by making it the default and potentially ...

As the old tax regime remains the same in the Budget 2025-26, taxpayers can check their old tax regime in this old income tax calculator: Step 1: Visit income tax portal for the existing income tax ...