The 2025-26 financial year introduces two income tax regimes for salaried individuals in India. The new regime provides lower slab rates but removes most exemptions and deductions, while the old regime retains a wide range of tax benefits. Taxpayers must compare both options to choose the one that minimizes their overall tax outgo.
The 2025-26 financial year introduces two income tax regimes for salaried individuals in India. The new regime provides lower slab rates but removes most exemptions and deductions, while the old regime retains a wide range of tax benefits. Taxpayers must compare both options to choose the one that minimizes their overall tax outgo.