Day: November 5, 2025

Relief from bank/post office savings interest as per budget 2025 for the F.Y.2025-26

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Discover which is better for middle-class taxpayers—Old or New Tax Regime—as per Budget 2025. Compare using Excel Income Tax Calculator for easy tax planning.

Relief on bank and post office savings interest as per Budget 2025 includes an increased Tax Deducted at Source (TDS) threshold for interest on deposits, tax-free withdrawals from the National Savings Scheme (NSS), and continued tax exemption on Post Office Savings Account interest under both old and new tax regimes.  Details of interest relief from Budget 2025: Increased TDS Threshold: The limit for TDS on interest income from fixed deposits, savings accounts, and other deposits has been doubled for senior citizens, from ₹50,000 to ₹1,00,000 per annum. For non-senior citizens, this TDS threshold…

Which will be the best choose tax Old or New Tax regime as per budget 2025

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In India, the choice between the old and new tax regimes for the financial year (FY) 2025–26 depends entirely on your specific financial situation, primarily your income level and the amount you can claim as deductions. There is no single “best” option for everyone, so a careful comparison is needed.  The key changes announced in the Budget 2025 significantly sweeten the deal for the new tax regime, but the old regime remains a better choice for taxpayers with substantial investments and eligible expenses.  Key differences between the two regimes Criteria …