Lower tax on higher income in new tax regime from April 1: How your salary structure will decide if you get a big tax savings

The new tax regime will have new income tax slabs from FY 2025-26. Many salaried employees hesitated to switch to the new tax regime as they could save taxes on the investments and expenses made during the financial year. However, unlike the old tax regime, where the 30% tax rate starts at incomes above Rs 10 lakh, the 30% tax rate in the new tax regime will start from incomes above Rs 24 lakh.

from Tax-Wealth-Economic Times https://ift.tt/HBAgs78