The Income Tax Department has rolled out updated Excel utilities for ITR-1 and ITR-4 for AY2025–26. These forms now support ...

The Income Tax Department has rolled out offline Excel-based utilities for filing Income Tax Returns (ITRs) for the financial ...

Some individuals opt for the new regime without a comparative analysis of the tax liability under the two regimes.

The decision between the old and new regime depends on available deductions and exemptions. If the assesse has deductions and ...

The new tax regime from FY 2025-26 offers zero tax on incomes up to Rs 12 lakh, making it an attractive option for many.

This can be done by eliminating the deductible allowances, such as House Rent Allowance (HRA), Leave Travel Allowance (LTA) ...

The Income Tax Department’s latest updates to ITR-1 and ITR-4 for Assessment Year 2025–26 have sent a clear message—claiming deductions and exemptions ...

Under the new tax regime, you will have to pay tax of Rs 1,04,000. Under the old tax regime, after claiming 80C (already mentioned by you) and additional exemption of Rs 50,000 under section 80 TTB, ...

In a move to aid retired citizens with their tax responsibilities, the Income Tax Department has published a detailed ...

But then why are we saying that there is no tax on income up to Rs 12 lakh? It's because a taxpayer will get a maximum tax rebate of Rs 60,000 on this income. Salaried-class individuals will also get ...