ITR filing FY 2024-25 (AY 2025-26): Taxpayers can choose between the old and new income tax regimes annually, provided they don't have business income. The new regime is now the default, requiring ...

LTA in the New Tax Regime: Is It Tax-Free? Unfortunately, no. According to the Income Tax rules applicable for the financial year 2025–26, LTA is not eligible for exemption under the new tax regime.

On June 5, 2025, the UK Government announced the result of their recent consultation process regarding their plans to bring carried interest within the income tax regime from April 2026, subject ...