Use ET Money's free online income tax calculator to compute your income taxes for FY 2024-25 and FY 2025-26 under both the new and old tax regimes.
In addition, note that the old tax regime has three tax slabs and higher tax rates. However, the new tax regime includes six tax slabs and lower tax rates. With the introduction of the new regime, you may get baffled. Hence, we are here to make things smoother for you. In this com...
TDSMANApril 9, 2025No Commentson Old & New Tax Regime – Exemptions / Deductions (FY: 24-25) A snapshot of the exemptions / deductions applicable for FY: 2024-25 (AY: 2025-26) under the Old & New Tax Regimes are summarized as under: Particulars Old Tax Regime New Tax…Read more ...
Eligibility for Income Tax e filing In India, the obligation to do ITR e filing arises under certain conditions. Primarily, if your gross total income exceeds the basic exemption limits, you're required to e-file your return — and the limits vary based on your age and the tax regime chos...
Please note that, in the Autumn 2024 Budget, the government announced plans to abolish the current tax regime for non-UK domiciled individuals. The following sections set out the rules as currently in place in the United Kingdom, but it must be noted that these will not remain in force bey...
The template will automaticallydetermine the tax slabs and ratesfor your taxable income. Finally, Excel willcalculate the total taxesas per both the old and new regimes. You can choose the tax amount as per the tax regime that you follow. ...
Do you still need to file an annual income tax return under the pay-as-you-go option? What conditions do you need to meet in order to benefit from this regime? What are the benefits of the pay-as-you-go option? How do you opt for the pay-as-you-go option?
Can you plese let me know how to choose old regime or old pattern for income tax filling Reply VIJAY KRISHNA SHIVAGAN December 15, 2018 at 4:14 pm I want information regarding TDS revised returns any charges let me know Reply SAG Infotech December 17, 2018 at 3:31 pm Please explain...
of the general availabil- ity of tax-holidays and preferential EIT rates, (ii) the fixing of a stan- dard EIT rate at 25% and (iii) the cancellation of the WHT exemp- tion for dividends, foreign inves- tors are now facing a more chal- lenging environment under thenew tax regime....
Once you file an income tax return (ITR), you need to verify the same within 30 days from… Old vs New Tax Regime: Which One to Go For?Last Updated: March 14, 2024 In recent times, India’s taxation system has undergone a major transformation with the introduction of the new tax...