The new tax regime – the default – offers a basic exemption limit of Rs 3 lakh for all individuals, regardless of age. This ...

This tool allows individuals to compare their tax liability under both the old and new tax regimes by entering their income ...

In her Budget 2025 address, FM Nirmala Sitharaman announced modifications to the new tax regime, such as the exemption of up ...

The Union Budget 2025 introduces significant changes to India's income tax structure, offering substantial relief to salaried ...

Now, there are three options of calculators: Tax Calculator ... you need to enter your residential status and whether you are individual or association of persons, etc. Then you have to enter ...

The Income Tax Department has introduced an online calculator for taxpayers to compare their potential savings under the newly default New Tax Regime, effective April 2025. The initiative aims to ...

This comparison clearly shows that for an individual earning Rs 15 lakh per annum, the old tax regime offers a tax saving of Rs 48,100 compared to the new tax regime — provided they make ...

The formula to calculate gross salary is as stated ... has become the default option, requiring individuals to consciously choose the old tax regime if they wish to avail of tax exemptions and ...

Commissions do not affect our editors' opinions or evaluations. Use our crypto tax calculator for the 2024-2025 tax season below to determine how much tax you might pay on crypto you sold ...

Kemberley Washington is a former staff writer at Forbes Advisor and provides consumer-friendly tax tips for individuals and ... product reviews and online tax calculators to ...

This is how you can use the tax calculator 1. First, there is a column for the assessment year, which is pre-filled to 2025-26. 2. Then, you can choose the category of taxpayer (individual/ HUF ...

Elon Musk said he had "deleted" a government agency that worked on the IRS' Direct File program. But the free filing program ...