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

According to rules, salaried individuals can switch regimes annually, while business professionals can do so only once, and ...

Home loan benefits are important, but they aren't the only ones to think about. Other deductions under the old regime, like Section 80D (health insurance), Section 80G (donations) and HRA (House Rent ...

The Income Tax Department’s latest updates to ITR-1 and ITR-4 for Assessment Year 2025–26 have sent a clear message—claiming deductions and exemptions ...

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.

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 ...

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

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