2025, Vol. 6, Issue 2, Part F
The new tax regime: A shift in the tax landscape for salaried individuals in India
Author(s): Dr Milinth P and Abdusslam PK
Abstract: Every country relies on a structured system to manage how taxes are collected and monitored. In India, this system, the tax regime, outlines the legal and procedural framework for assessing income, determining tax liability and ensuring timely collection and compliance. In Budget 2025, the Government announced revised income tax slabs under the new tax regime, under which incomes up to ₹4 lakh are not subject to tax. At the same time, the old tax regime has been retained in its original form. This development forms the basis for analyzing the comparative benefits of both regimes. The study examines tax liability across varying income levels and evaluates the impact of available deductions and rebates. Findings reveal that the new tax regime, with its simplified structure and lower slab rates, is more beneficial for a majority of taxpayers, especially those with limited deductions. The analysis highlights the growing relevance of the new regime in ensuring tax efficiency and simplifying compliance for individual taxpayers.
DOI: 10.22271/27084515.2025.v6.i2f.682
Pages: 524-527 | Views: 431 | Downloads: 107
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How to cite this article:
Dr Milinth P, Abdusslam PK. The new tax regime: A shift in the tax landscape for salaried individuals in India. Asian J Manage Commerce 2025;6(2):524-527. DOI: 10.22271/27084515.2025.v6.i2f.682
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