The image below shows some examples. We also have given a calculator for you to compare the tax between the two regimes.Tax slabs rates in old and new tax regimeTax for different Income under old, new tax regime, revised new tax regime...
Most tax exemptions and deductions will be eliminated to streamline tax filing, allowing taxpayers to file returns easily without dealing with numerous exceptions and unique cases. However, the standard deduction for salaried employees in the new tax regime has been raised by 50% to Rs 75,000. D...
The Union Budget 2023 revised the new tax regime to be the default regime, effective from April 1, 2023. The old tax regime is, however, still available for taxpayers to use and it retains the benefit of exemptions and deductions. Under the new regime, the income tax slabs are the same...
Traders to Oppose GST Red Tape: Seek Simplification of Authority and Tax Slabs under New RegimeDhandeo, Keyur
Highlights of the Direct Tax Code Bill Key amendments in the DTC include: The bill widens income tax slabs for individuals. Income between Rs 2 to Rs 5 lakh will be taxed at 10%, between Rs 5 and Rs 10 lakh at 20%, and over Rs 10 lakh at 30%. ...
Highlights of the Direct Tax Code Bill Key amendments in the DTC include: The bill widens income tax slabs for individuals. Income between Rs 2 to Rs 5 lakh will be taxed at 10%, between Rs 5 and Rs 10 lakh at 20%, and over Rs 10 lakh at 30%. ...
The Direct Tax Code (DTC) will takeover the current direct tax laws in India. Discover how domestic and foreign companies will be affected.
Hospitals are controlled yet complex ecosystems which provide a therapeutic environment that promotes healing, wellbeing and work efficiency for patients and staff. As these buildings accommodate the sick and vulnerable, occupant wellbeing and good indoor environmental quality (IEQ) that deals with indoor...