Was it a Budget of expectations?
The Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman introduced changes to the income tax regime, for salaried employees & those opting for the new tax regime.
1. Standard Deduction Increase: T
Income Tax Old Regime vs New Regime
All individuals should calculate their income according to both the old regime and the new regime. Thereafter, they should choose the scheme that results in lower taxes.
1 replies5 likes
Sameer Patel
Work and keep learni... • 10m
Financial knowledge
Indian Tax slabs
Income tax slabs categorize taxpayers based on their annual income, determining the applicable tax rates. Here's a breakdown:
1. Nil Tax: Annual income up to ₹2.5 lakh for individuals below 60 years.
2. 5% Tax: I
Was it a Budget of expectations?
The Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman introduced changes to the income tax regime, for salaried employees & those opting for the new tax regime.
1. Standard Deduction Increase: T
Deadpool’s Tax Tips—Let’s Make It Simple!
💸 Salary below ₹12.75L?
Go with the new tax regime—less pain, less paperwork. Easy peasy. 🥳
💰 Salary above ₹12L?
If your exemptions (HRA, 80C, 80D, home loan, etc.) are more than ₹5L, old tax regime coul
New Tax slab:
0-4L-0%
4-8L-5%
8-12L-10%
12-16L-15%
16-20L-20%
20-24L-25%
24L+30%
People with income up to 12L will pay 0% income tax.
2 replies4 likes
B Yashwanth
Customer success ent... • 2m
Just invest 10 sec in below 👇 calculator to calculate your tax as per new regime 2025
Tax Calculator comparison as per budget 2025!
https://tax.pythontrader.in/
Calculate ur tax as per new proposed slab rates .. just enter your income in this ..
One Tax Policy: A New Era of Taxation in India?
What if income tax was the only tax you had to pay? A system where individuals pay a fixed percentage of their income as tax, and in return, they are exempt from all indirect taxes like GST and service