Is ELSS Worth It in the New Tax Regime? (2026 Analysis)
– Advertisement – Is ELSS Still Worth It? The Truth About Investing in the New Tax Regime Let’s be honest: for a decade, the only reason most Indians touched an Equity Linked Savings Scheme (ELSS) was to dodge taxes. You’d scramble in March, dump ₹1.5 lakh into a fund, and forget about it. But now […]
Old vs New Tax Regime 2026:Why ₹25L Earners Save More in Old
– Advertisement – Old vs New Tax Regime: Why 28% of Indians Still Refuse to Switch in 2026 Despite the government’s aggressive push toward the “New Tax Regime,” nearly 28% to 29% of Indian taxpayers are still sticking to the Old Regime. According to the 2026 Henley-equivalent tax data from Deloitte India, a “meaningful minority” […]
Is the Old Tax Regime Finally Ending?
– Advertisement – In the Union Budget 2025, Finance Minister Nirmala Sitharaman delivered a clear message to taxpayers: the future of Indian taxation is the New Tax Regime. By making annual income up to ₹12.75 lakh effectively tax-free for salaried individuals, the government has significantly reduced the incentive for many to stay in the old […]
ITR Filing 2025: Complete List of Deductions in New vs Old Tax Regime
New Vs Old Tax Regime: If you haven’t yet filed your income tax return (ITR) this year, it is important to remember that you can claim tax deductions on several investments, but only if you have made these investments during the financial year 2024-25. The last date for filing income tax returns (ITR) for the […]
Income Tax Update: Govt Raises Standard Deduction to ₹75,000 Under New Regime
– Advertisement – The government has amended the Income Tax Act, 1961 to clarify the position regarding the standard deduction of Rs 75,000 in the new regime. The government had announced in the Union Budget 2024 to increase the standard deduction from Rs 50,000 to Rs 75,000 in the new regime. This clarification has also […]
Why Salaried Taxpayers Earning Up to ₹12 Lakh May Lose Out Under the New Income Tax Regime
– Advertisement – The new income tax regime has become attractive as the government has made income up to Rs 12 lakh per annum tax-free. The new regime is easy for taxpayers. There is no need to provide proof of investment in it. There is also less chance of mistakes in filing income tax returns. […]
Income Tax Return: You can claim deductions and exemptions even in the new tax regime, know how here
– Advertisement – Many salaried taxpayers and pensioners are expected to switch to the new tax regime this financial year (2025-26). The new income tax regime has higher tax slabs, lower tax rates and income up to Rs 12 lakh per annum is tax-free. However, the new regime does not have the benefits of deductions […]
CBDT issued circular: For TDS deduction in 2023-24, salaried taxpayers will have to choose option in new or old tax regime
Income Tax Regime: The financial year 2023-24 has started. Employers are going to seek information from their employees whether they will adopt the new income tax regime or the old tax regime. In such a situation, CBDT has issued a circular regarding the modalities of TDS deduction in 2023-24, in which it has been said […]
Big Relief to taxpayers earning more than Rs 7,00,000 in the new tax regime
The government on Friday gave some relief to the taxpayers opting for the new tax regime. For this, by amending the Finance Bill, it has been provided that persons earning a little more than the tax-free income of Rs 7,00,000 will have to pay tax only on the additional income. The Lok Sabha has approved […]
Income Tax Update: Government can abolish new tax regime, why step will have to be taken in three years?
The government had made a provision of double tax slabs three years ago to give relief to the taxpayers. In the new tax regime, the tax rates were reduced by eliminating the option of income tax exemption, but its benefit did not show and till now the number of taxpayers adopting the new regime is […]
