The new tax regime, introduced to simplify taxation with lower rates, comes with a trade-off: fewer deductions. However, for ...

While the new regime has fewer levers, there are still legitimate strategies available to reduce tax liability. When Budget ...

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.

Baijayant Panda, Chairperson of the Select Committee of Lok Sabha, presented the Report of the Select Committee on the Income ...

The new tax laws recently assented to by President Bola Tinubu would accelerate economic development and drive inclusive growth. A think-tank, Independent Media and Policy Initiative (IMPI ...

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 ...