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Street Smart Finance
Taxes
Choosing the Right Tax Regime
India offers two tax systems: a new one with lower rates and fewer deductions, and an old one with higher rates but more exemptions. Pick the one that suits you best.
Understanding the Slabs
Under the new system for FY 2025–26, income up to ₹3 lakh is tax-free, and higher incomes are taxed in increasing brackets. The old regime allows deductions like 80C and HRA.
How to File Your Taxes
Use the government’s e-filing portal. Log in, verify details with Form 16, claim deductions (if applicable), and submit. You’ll need a PAN card for all financial transactions.
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