The removal of deductions means investors must focus on real returns and financial goals rather than just tax savings, say ...

"Choosing Old or New Tax Regimes can be confusing, but income tax calculator can help you make a right decision by comparing ...

Notably, with the amendment to section 115BAC of the Income Tax Act as effective from F.Y. 2023-2024 [A.Y. 2024-2025], the new tax regime is made as a default tax regime for persons other than ...

The Old Tax Regime requires tax planning, as taxpayers must invest in specific financial products to claim deductions. In contrast, the New Tax Regime is simpler, as it does not require tracking ...

The new tax regime, introduced in 2020 and made the default system in 2023, has often been perceived as offering fewer ...

If you are availing exemptions or deductions under the old tax regime, the new tax regime may lead to a higher tax outgo.

One of the most valuable deductions available under the Old Tax Regime is Section 80C, which allows taxpayers to claim ...

The new tax regime in India offers higher take-home salaries and lower average tax rates compared to the old regime for ...

You can switch between the old and new tax regimes every year if your income comes from salary, interest, or rent ...

During the Union Budget 2025 presentation, sweeping changes to the nation’s tax structure were announced. The revised regime ...

PIT collection as a share of GDP surged, new tax regime introduced, simplification exercise in new Income Tax Bill.

Per the current tax laws (Income Tax Act, 1961), taxpayers can adjust their salary structure by utilising specific allowances ...