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Budget 2025: Old vs. New Tax Regime – Which One Saves You More? | Explained

Budget 2025 is around the corner, and taxpayers are eagerly waiting for potential income tax changes! Should you stick to the old tax regime with deductions or switch to the new simplified structure? We break down the latest slabs, tax rates, and savings for different income levels. Watch now to find out which regime is best for you!

Budget 2024: Will FM Change Tax Rates? | Demands to Increase Exemption Limit, Rationalise Tax Slabs

Ahead of Budget presentation on July 23, it has been reported that FM Sitharaman could be considering introducing tax relief measures in a bid to stimulate consumption. But how much can the Finance Minister accommodate and what will it cost the government to do so? Stacy Pereira chats with Preeti Kulkarni on what we could expect on the personal income tax front in the full Budget 2024.

Budget 2024: How children’s tuition fee can help save on taxes under old regime with minimal effort

The new, minimal exemption tax regime is often seen as a simpler alternative and has many takers

Good returns and tax-savings: A winning combo by top tax-saving MFs

The interim Budget 2023 might not have any goodies in store for those who were seeking a relaxation in the Section 80C tax deduction basket. But Equity-Linked Saving Schemes still remain a great catch

Tax-Saving FDs: These largest banks offer up to 7% interest rate

Tax-saving FDs are one of the least risky investment options in the crowded 80C benefit. They have a lock-in period of five years and premature withdrawals are not allowed. The interest in this investment is taxable

Explained: Lock-in periods for 80C instruments

All section 80C instruments come with lock-in periods.

Did you know that NPS schemes invest in midcaps too? Check out their favourites

Allocation to midcap stocks aside, tax benefits under Section 80C and Subsection 80CCD (1B) also make National Pension System attractive

Not just saving tax, these top ELSS schemes are also generating wealth

The 3-year lock-in helps fund managers to have a slightly larger portion of small and mid-cap stocks as it prevents a gush of outflows that can be seen in other diversified equity funds.

A step-by-step guide to opening an NPS account online

If you have completely exhausted the limit under section 80c, NPS can help you maximise your tax benefits. It provides an additional deduction of ₹50,000 under section 80CCD (1B).

How to avail home loan-linked tax breaks

Your child's tuition fee can get you tax benefits

Budget expectations: Clarity on crypto taxation, hike in 80C limit, duty rationalisation on EVs

While Indian corporates are expecting some key announcements which will enable them to reset their growth agenda, individual taxpayers are expecting some more disposable income in their hands to invest and consume more.

What tax benefits does NPS offer?

Income tax planning: Last-minute tips to save tax from loans

Income tax planning: Do not worry if you skipped paying the interest in the last year due to any reason whatsoever including the distress of the ongoing pandemic, you can still claim this deduction.

Income tax planning: These last-minute tips will help you save tax

Income Tax Saving: Among several kinds of Mutual Funds you'll find in the market, Equity Linked Saving Scheme (ELSS) is the only kind that offers a deduction under section 80C.

Budget 2021 and You: Will the finance minister play genie to the taxpayer?

Here is compilation of taxpayer’s wish list from Budget 2021 across segments

5 tax-saving investments for you

The limit for investing in tax-saving instruments is Rs 1.5 lakh for income earned in 2020-21.

5 last-minute tax saving questions answered

Making tax-saver investments in the last minute is bound to give rise to dilemmas. Know how to resolve them

Central government staff can claim 80C benefits on NPS Tier-II contribution

This is an official notification of the scheme that was announced earlier

Here are 10 tax-saving fixed deposits offering high interest rates

You can invest a maximum of Rs 1.5 lakh in these FDs

Modi 2.0: 10 policies that affected your savings and investments

A year into the second term, how have the Modi government’s decisions impacted your finances? Team Moneycontrol takes stock of some key decisions.

COVID-19 tax-saving extension: Here are the key operational aspects

Banks may have to align systems to accept deposits for a previous financial year

New tax regime: With more cash in hand, invest wisely

Investors must understand as to how the change works before committing to any tax regime

Earning big bucks? Don’t switch slabs; optimise existing tax benefits first

If you are a rich salaried individual and yet struggle to use all deductions and exemptions, you need to improve your awareness levels and investment habits

Chart of the Day | Why the government is taking the axe to exemptions

A steady increase in the impact of exemptions on tax revenue is a good enough reason to wean people from tax sops