The Telangana Board of Intermediate Education (TGBIE), Hyderabad, has implemented a new measure for the Intermediate Public Examinations 2026 to improve transparency and keep parents informed. As per the official notice, hall tickets for the Telangana Intermediate examinations will be sent to
Violence surrounding protests in Iran sparked by the Islamic Republic's ailing economy killed two other people, authorities said on Saturday (January 3, 2025), raising the death toll in the demonstrations to at least 10 as they showed no signs of stopping
US President Donald Trump declared on January 3, Saturday, that American special forces conducted a secret operation within Venezuela, capturing President Nicolás Maduro and First Lady Cilia Flores. The announcement comes as explosions were reported throughout Caracas
The 50 is an upcoming Indian reality competition series set to premiere on February 1, 2026. New Delhi: Reality TV fans have a new reason to celebrate. After the dramatic conclusion of Salman Khan's Bigg Boss, Indian television is gearing up for another high-voltage reality show. Titled The 50
On an annual basis, the collective average housing price rose by 8 per cent in the top seven cities - from Rs 8,590 per sq ft by Q4 2024-end to around Rs 9,260 per sq ft at Q4 2025-end, according to Anarock Research data. New Delhi: Delhi-NCR recorded the highest yearly average residential price
Budget 2026 may further tilt balance toward new tax regime after exemption hike in 2025
Budget 2026 may further tilt balance toward new tax regime after exemption hike in 2025
As policymakers prepare the ground for the Union Budget 2026, the direction of India's personal income tax framework is becoming increasingly clear. The changes announced in Budget 2025 — particularly the sharp increase in the basic exemption limit under the New Tax Regime — are now shaping expectations that the simplified regime could see an even stronger push in the coming year.
In the Union Budget 2025, Finance Minister Nirmala Sitharaman raised the basic exemption limit under the New Tax Regime from Rs 3 lakh to Rs 4 lakh, delivering meaningful relief to salaried taxpayers. Combined with a higher standard deduction, the move effectively eliminated income tax for salaried individuals earning up to Rs 12.75 lakh. As Budget 2026 approaches, many taxpayers are reassessing whether to finally switch to the New Tax Regime or continue with the Old Tax Regime, which still offers higher exemptions and deductions.
The shift towards the New Tax Regime has already gathered significant momentum, and the 2025 changes are widely seen as a stepping stone toward making it the default system. In Assessment Year 2024–25, of the 7.28 crore income tax returns filed, 5.27 crore — or 72 per cent — were under the New Tax Regime, compared with 2.01 crore under the Old Tax Regime. This trend is likely to weigh heavily on Budget 2026 deliberations.
Old Tax Regime vs New Tax Regime
Under the New Tax Regime, both individuals receiving a salary and pensioners can now benefit from a standard deduction of Rs 75,000. This adjustment, in addition to the raised nil-tax threshold of Rs 12 lakh as declared in the budget, extends the tax-free income cap to Rs 12.75 lakh for those employed in salaried positions.
According to BankBazaar's calculations, the newly introduced tax changes will give more money in the pockets of citizens, enabling them to contribute to the economy in multiple ways. The minimum tax slab has been raised to Rs 12 lakhs from Rs 7 lakhs. The most striking change in the new regime is the removal of income tax for those earning up to Rs 12 lakhs and the revised tax slabs, which now see the 30% tax bracket apply only for those earning above Rs 24 lakhs. This means significant savings for middle-class earners.
For example, those earning Rs 15 lakh got 25% more under the New Tax Regime over the Old Tax Regime. The total savings under the New Tax Regime will be Rs 36,400 more than the 2024 tax slabs under the New Tax Regime and Old Tax Regime.
Here are the tax savings calculations in details:
Here's how income tax outgo under the old tax regime and the new tax regime changed from FY2024 and FY2025 across different income levels. The revised new regime, introduced in Budget 2025, sharply improved savings—especially for middle-income taxpayers.
At the lower end of the income spectrum, the new tax regime effectively eliminates tax liability altogether. Individuals with taxable income up to Rs 5 lakh pay zero tax under both regimes. However, the difference becomes visible at Rs 7.5 lakh, where tax under the old regime stands at Rs 65,000, while the new regime (2025) brings it down to zero, resulting in a saving of Rs 26,000 over the 2024 new regime. The benefit widens further at Rs 10 lakh and Rs 12 lakh, where taxpayers save Rs 52,000 and Rs 83,200, respectively, compared with the previous version of the new regime.
The most striking gains are visible in the Rs 15 lakh to Rs 25 lakh income bracket. At Rs 15 lakh, tax under the old regime is Rs 2.73 lakh, while the revised new regime reduces it to Rs 1.09 lakh, delivering a saving of Rs 36,400 or 25%. At Rs 20 lakh, savings jump to Rs 93,600, translating into a 31% reduction over the 2024 new regime. At Rs 25 lakh, taxpayers save Rs 1.14 lakh, again equivalent to 25%.
Beyond Rs 30 lakh, the absolute savings remain largely constant at around Rs 1.14 lakh to Rs 1.24 lakh, but the percentage benefit steadily declines as income rises. For instance, at Rs 30 lakh, the saving works out to 18.6%, dropping to 9.2% at Rs 50 lakh and just 1.9% at Rs 1 crore. At very high income levels such as Rs 5 crore, the saving is limited to 0.3%.
Overall, while the newer tax regime offered uniform absolute relief at higher incomes, it is clearly designed to maximise relative benefits for middle-income earners. The structure reinforces the government's push toward a simplified, deduction-light tax system that delivers the biggest gains to taxpayers earning between Rs 7.5 lakh and Rs 25 lakh annually.
Source: Msn
Related Posts: ISIS-Inspired New Year's Eve Terror Plot Foiled In North Carolina US says it thwarted potential ISIS-inspired New Year's Eve attack in North Carolina Amitabh Bachchan asks a question on new NYC mayor Zohran Mamdani on KBC Pavarotti given new voice in release of 1995 concert Premier League rings in New Year with goal drought as Man City lose ground in title race FBI says it disrupted a potential New Year’s Eve attack inspired by Islamic State group India vs New Zealand ODI 2026 squad announcement When Is Hindu New Year 2026 Uber rewrites driver contracts to limit impact of UK taxi tax We went looking for New Year deals on Xiaomi TVs and found some surprising value
Rajinikanth's ‘Thalaivar 173' to be directed by Cibi Chakravarti, with Anirudh scoring music, releasing Pongal 2027. Chennai: Superstar Rajinikanth's upcoming film, tentatively titled 'Thalaivar 173,' has been in the news ever since the big project was announced
Just now
South Korea has ordered enhanced protection for its nationals in Venezuela and prepared evacuation plans amid escalating tensions in the country. Seoul: South Korean President Lee Jae-myung on Saturday directed officials to step up measures to protect South Korean nationals living in Venezuela and
Just now
A video circulating on social media has triggered outrage after a Bangladeshi youth leader was seen boasting about the killing of a Hindu police officer and openly threatening law enforcement officials during what he described as the July 2024 uprising
Just now
Not all transformations begin with grand declarations. Some start quietly – with discomfort, reflection, and the courage to question long-held habits. For actor Minissha Lamba, turning vegetarian wasn't a sudden switch but a slow, conscious realignment with her values
Just now
Gold futures with February expiry eased moderately down 0.04 per cent, settling at Rs 1,35,752 on MCX on Friday. New Delhi: Gold and silver entered 2026 with elevated volatility after an exceptional 2025 rally, analysts said on Saturday, adding that the fundamental outlook for precious metals
Just now
A New Year delivery from Blinkit turned into a heartwarming moment for a customer after a small surprise inside the delivery bag caught her attention. A woman named Geet shared a short video online showing a Blinkit delivery bag along with the items she had ordered
Just now
Residents of the Venezuelan capital reported being woken by a series of loud explosions, with thick black smoke and low-flying aircraft visible over parts of the city. Power outages were reported near military installations, while verified video footage showed tracer fire and smoke both in Caracas
Just now
Fourteen suspected Maoists were killed in two separate gunfights with security forces in Chhattisgarh's Sukma and Bijapur districts on Saturday, The New Indian Express reported. This was the first gunfight between suspected Maoists and security forces this year
Just now
Geetali Gupta, a 17-year-old resident of Sri Ganganagar, Rajasthan, has secured All India Rank 1, scoring 112.75 out of 119. Geetali says that she never believed in fixed study hours for preparing for this exam. She simply adopted the philosophy of creating a study schedule for each day and
Just now
President Trump, who vowed to be a peace president, is now embracing war on multiple fronts. Within a year of his second inauguration, he has ordered large-scale military strikes in Venezuela and Nigeria, while warning of intervention in Iran
Just now
Trinamool Congress Rajya Sabha MP Mausam Noor has rejoined the Congress ahead of the West Bengal assembly polls. Noor, a former two-time Lok Sabha MP from Malda, is expected to contest the upcoming assembly elections from the same constituency
1 minutes ago
Addressing a press conference, state Congress president Keshav Mahato Kamlesh said party workers will assemble at the Bapu Vatika in Morabadi and march towards Lok Bhawan. Ranchi: The ruling Congress in Jharkhand on Saturday said it will organise a mega rally in Ranchi on January 5 to protest the
1 minutes ago
Gandhinagar Civil Hospital is treating 104 patients, including children, for suspected typhoid. The situation is being reviewed by Deputy Chief Minister Harsh Sanghavi and Union Home Minister Amit Shah. Water samples from affected areas indicate unsafe drinking water
1 minutes ago
Actor Ashish Vidyarthi grabbed headlines after it was reported that he and his wife, Rupali Barua, met with an accident in Guwahati. The actor has now given an official clarification regarding the same, admitting that they were injured in a late-night road accident on Friday night and are now doing
1 minutes ago
A young man brought a regular cycle to the gym after claiming that the trainer and the gym owner asked him to pay extra fees for cardio exercises. In a hilarious video titled “In the gym they were demanding extra fees for cardio", fitness vlogger Veer Pratap is seen taking an old cycle to the
1 minutes ago
Thirteen central leaders of the student-led National Citizen Party (NCP) have resigned in the last eight days over its alliance with the Jamaat-e-Islami ahead of the elections in Bangladesh in February, a report said. Apart from alliance with Jamaat
1 minutes ago
In a few months, thousands of final-year students across India will step out of their campuses and into the workplace. Some may already have their placement offers, and many more will receive theirs soon; a moment filled with relief, pride, and the feeling that life is finally moving forward
1 minutes ago
Asian Shooting Championships gold medallist Angad Bajwa will now represent Canada, having switched his allegiances from India, with a declaration coming late last month. He also won gold at the 2018 Asian Shotgun Championships. Bajwa announced his decision on social media on December 25
1 minutes ago
A Hindu businessman, Khokon Chandra Das, died after being brutally attacked, hacked, and set on fire in Bangladesh. This marks the fifth death of a Hindu person since December, with minority faith leaders expressing concern over radical groups intimidating religious minorities
1 minutes ago
Bengali Hindu businessman, Khokon Das, 50, died after being attacked and set on fire by a mob in Bangladesh's Shariatpur district on December 31, local media reported. Das, a small medicine shop owner, was allegedly stabbed, beaten and doused with petrol before being set ablaze while returning home
1 minutes ago
Australia's star batter Steve Smith has firmly brushed aside talk of retirement, making it clear that he has no immediate plans to step away from international cricket. Australia's star batter Steve Smith has firmly brushed aside talk of retirement
1 minutes ago
Bollywood superstar Hrithik Roshan gained attention for celebrating his Bengali heritage during family wedding festivities. Mumbai: Bollywood's Greek God Hrithik Roshan shared a glimpse into his cultural roots as he proudly spoke about his “25 percent Bengali blood” shining through
1 minutes ago
Bollywood actor and vlogger Ashish Vidyarthi and his wife, Rupali Barua, were injured in a road accident in Guwahati late Friday night. Mumbai: Veteran actor Ashish Vidyarthi was recently in the news after reports claimed that he and his wife, Rupali Barua
1 minutes ago
The ruling Mahayuti alliance is set to secure a significant early advantage in the Maharashtra civic polls, with 68 candidates poised to be elected unopposed across several local bodies after opposition parties withdrew their nominees ahead of the deadline
1 minutes ago
In the boldest raid since 1989, Delta Force captured President Nicolás Maduro during "Operation Southern Spear." Trump hails the "brilliant" mission. Read the tactical breakdown. In what has come to be described as the most bold special ops mission in the history of special ops, the U.S
1 minutes ago
Rishabh Pant and Shreyas Iyer have been included in the Team India squad for the upcoming ODI series against New Zealand. Shreyas Iyer's participation is contingent on fitness clearance, while Hardik Pandya's bowling workload is being managed ahead of the T20 World Cup
1 minutes ago
Shreyas Iyer, Shubman Gill return from respective injuries as India announce squad for the upcoming three-match ODI series against New Zealand. India have announced their squad for the upcoming three-match ODI series against New Zealand, which is set to be played from January at the BCA Stadium
1 minutes ago
