🧾 Tax

New Tax Regime

Definition

The simplified tax regime introduced in Budget 2020, made default from FY 2024-25. Offers lower tax rates but with minimal deductions. Standard deduction of ₹75,000 allowed. Best for those with deductions below ₹3.75 Lakh.

🔗 Related Calculators

🧾Income Tax Calculator

📚 Related Guides

🧾

Income Tax Guide FY 2025-26 — Slabs, Deductions & Regime Comparison🕒 15 min

📋

GST Guide for Small Businesses — Rates, Filing & Input Credit🕒 12 min

Related Terms

Income Tax →Tax Slab →Section 80C →Section 80D →Section 24(b) →HRA →

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