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

If you're planning to file your Income Tax Return (ITR) for the financial year 2024–25, it's crucial to understand the ...

Home loan benefits are important, but they aren't the only ones to think about. Other deductions under the old regime, like Section 80D (health insurance), Section 80G (donations) and HRA (House Rent ...

Switching between the old and new to the new tax regime can be done either on a ... The breakeven point is the amount at which there will be no difference in tax liability between the two tax ...

As the financial year 2025-26 begins, taxpayers must choose between the two income tax regimes when they file their income tax returns (ITR)—the deadline is July 31.

According to Budget 2025, under the new tax system, you don’t have to pay tax on income up to ₹12.5 lakh. This is a big jump ...

Old vs new tax regime: As the financial year has ended, taxpayers will now begin gathering their documents to file their income tax returns (ITR) before the deadline of July 31, 2025. Just like ...

New vs Old Tax Regime: In a major relief for taxpayers ... The revised tax structure also introduces a 25% tax slab for incomes between Rs 20 lakh and Rs 24 lakh. Finance Minister Nirmala ...

However, choosing between the old regime and the new tax regime is dependent on the person and his/her financial profile. Notably, the The New Tax Regime is beneficial for people who likes ...

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

Old Tax Regime vs New Ta Regime: Taxpayers often find themselves in a quandary when it comes to selecting the most suitable income tax regime. The Income Tax Department allows individuals to ...

Indian taxpayers have the option to switch between the new and old income tax regimes annually, following the changes introduced from the financial year 2023-24. The new tax regime is now the ...