Some individuals opt for the new regime without a comparative analysis of the tax liability under the two regimes.

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

The new tax regime from FY 2025-26 offers zero tax on incomes up to Rs 12 lakh, making it an attractive option for many.

The new regime offers lower tax rates, but does not allow most tax deductions. On the other hand, the old regime permits ...

Choosing between the old and new tax regimes depends on your income level, eligible deductions and life changes-switching is ...

The new regime still allows employers to reimburse the cost of mobile phones, laptops, or car leases if they are used for ...

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

Leave Travel Allowance (LTA) is a common perk in many salary packages, yet with two tax regimes in place, people often ask if ...

Choosing between the old and new tax regimes depends on factors like home loan deductions, income level, and personal financial goals, with the old regime benefiting those with high deductions and the ...

The income tax filing for the financial year 2024-25 is just around the corner. Taxpayers will file their income tax in the ...

With the ITR filing season underway for FY 2024-25, senior citizens in India—especially pensioners—stand to gain from several ...

Despite performing relatively better than other provinces and showing steady improvement in revenue, Sindh’s own-source ...