Taxpayers now have until September 15, 2025, to file their ITR for FY 2024-25, following a 45-day extension. Here are the tax ...

Salaried individuals earning up to ₹12 lakh may find the new tax regime easier, but it isn’t always cost-effective. Experts ...

Every year, when the time comes to file Income Tax Return (ITR), most people consider it a formality and settle it in a hurry ...

The Lok Sabha on Monday passed the Income Tax Bill, 2025, marking a significant step towards replacing India’s six-decade-old ...

T he Lok Sabha on Monday passed the Income Tax Bill, 2025, a landmark move aimed at replacing India’s six-decade-old direct ...

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

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

The new tax regime may be offering lower rates. However, you might be overlooking Rs 1 lakh or more in potential savings by ...

Companies that have opted for the new concessional tax regime can now also claim deductions under Section 80M for dividends received from other companies.

While the new regime has fewer levers, there are still legitimate strategies available to reduce tax liability. When Budget 2025 increased the income tax rebate limit to Rs.12 lakh under the new tax ...

The revised Income Tax Bill 2025, incorporating nearly all Select Committee recommendations, aims to modernise and simplify ...

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