Standard Deduction

New vs old income tax regime: ₹1 crore to ₹5 crore salary — What’s your actual take-home pay? | Mint

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How much of your high-paying salary do you take home? A comparison of India’s new and old income tax regimes, focusing on earnings between ₹1 crore and ₹10 crore, highlights the significant differences in tax burden and net income. The data reveals a clear trend: the new regime typically offers a higher take-home pay. The … Read more

ITR filing 2025: Opted for the new income tax regime? These 3 deductions may help you save money, maximise savings | Mint

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ITR filing 2025: The decision between the old and new tax regimes hinges on thoroughly understanding the available benefits. While the new tax regime is often characterised by its simplified slabs and lower rates, it doesn’t entirely eliminate opportunities for tax planning. By examining the remaining provisions, such as the standard deduction, NPS contributions, and … Read more