Budget 2025 | New Tax Regime Vs New Tax Regime: Difference Explained
Standard deduction is a fixed amount that can be subtracted from taxable income and thereby reduce the sum of tax you need to pay. In 2024, the standard deduction was increased from 50,000 rupees to 75,000 rupees under the new income tax regime. Financial experts are expecting that the standard deduction may increase to 1 lakh rupees further reducing your taxable income. Different brackets of income are taxed at different rates under the old tax regime, income of up to 2.5 lakh rupees per annum remains tax free. Meanwhile in the new tax regime of 2024, no tax is levied on income up to 3 lakh rupees. #Budget2025 #BudgetNews #IncomeTax #IncomeTaxSlab #Sitharaman #NDTVDigitalOriginals About NDTV (English news channel): NDTV is India's Most-Trusted News Broadcaster with the latest updates in news, sports, entertainment and much more from within India and around the world. Watch big political debates, exclusive entertainment interviews, news bulletins, current affairs, talk shows and tech reviews with our 24x7 news live streams, packed with credible information across all platforms: TV, Internet and Mobile. For Latest Videos, click here: • Latest News & Updates | NDTV 24x7 To watch NDTV 24x7's premium shows listed together for your easy access, click here: / @ndtv For Ground Reports and Analysis from NDTV's reporters and anchors of day's top news stories, click here: • Reporter Vlogs For News in Shorts, click here: • News In Shorts Subscribe to our channel to get latest news updates. Follow us on Social Media: WhatsApp: https://whatsapp.com/channel/0029Va4l... Facebook: / ndtv Twitter: / ndtv Instagram: / ndtv Telegram Messenger: https://t.me/NDTVbot/?start=hi Follow us on Google News for Breaking and Latest News Updates: NDTV: https://bit.ly/3e5ngbP NDTV India (Hindi News): https://bit.ly/3mNVwMY Download NDTV Mobile Apps: http://www.ndtv.com/page/apps #BreakingNews #LatestNews #TodayNews #News #IndiaNews #CurrentAffairs #NDTV
