Minimum threshold of deductions at which it is rational for taxpayers to opt for old tax regime is ₹4 lakh, and not anything ...

From FY2025-2026, salaried individuals earning up to Rs 12 lakh may no longer need old tax regime deductions. With income now ...

Learn how to report tax regime changes in ITR-3 for AY 2025–26 using Form 10-IEA. Includes rules, filing steps, and common ...

By extending the rebate under Section 87A to an income of up to ₹12 lakh, Budget 2025 introduced a substantial relief to the ...

With the income tax return (ITR) filing date extended to September 15, taxpayers have more time to decide whether to choose the old or new tax regime.

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

Adopting the new tax regime by default while filing your Income Tax Return (ITR) for FY 2024–2025 seems to be the easiest ...

For individuals with commercial or professional income, the rules are much stricter. You can only switch back to old tax ...

If you decide to opt for the new tax regime under Section 115BAC, you should look at your income profile, available ...

New Delhi: The government has extended the Income Tax Return (ITR) filing deadline to September 15, 2025. This gives ...

The Income Tax Bill, 2025, which was introduced in the Lok Sabha on February 13 to replace the existing Income Tax Act, 1961, ...

Corporate NPS contribution, employers’ contribution to EPF and tax breaks on housing loan interest in the case of let-out ...