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No Income Tax Surprises From April 1: Govt Clarifies Doubts On Tax Regimes, Check Details Inside

The new tax regime is the default tax regime, however, taxpayers can choose the tax regime (old or new) that they think is beneficial to them. ....

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Income Tax Slabs 2024-25 Live News Updates: New vs. Old Tax Regime Changes, Budget FY 2024-25, Senior Citizens, Salaried Employees

Stay informed with live updates on Income Tax Slabs for 2024-25. Explore the changes between the new vs old tax regimes, budget implications, and specific details for senior citizens and salaried employees. Get the latest news on income tax calculations and rates at news18.com ....

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Budget 2024: Income Tax Slabs, New vs Old Regime Compared For You

What factors make the decision-making process challenging when it comes to choosing between the new and old tax regimes, particularly considering the variations in tax slabs? ....

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Income Tax 2024: Old Tax Regime slabs vs New Tax Regime slabs explained for senior citizens

Under the new tax regime, senior citizens can claim a maximum deduction of Rs 50,000 under section 80D for health insurance premiums. If the expenses are incurred for a dependent senior citizen, the entitlement is Rs 1 lakh in a fiscal. ....

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ITR Trends: 15% Taxpayers Test Waters With New Tax Regime, 85% Opt Old With Deductions

50% of Clear users claimed 80D for tax deductions on medical insurance, while 20% utilised 80CCD(1B) for tax deductions on NPS self-contributions. ....

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