The income tax dept has introduced Excel utilities for ITR-1 (Sahaj) and ITR-4 (Sugam) for FY 2024-25; here's who is eligible ...

If you're planning to file your Income Tax Return (ITR) for the financial year 2024–25, it's crucial to understand the ...

Filing your Income Tax Return (ITR) is now easier and more flexible than ever. For the financial year 2024-25, the Income Tax ...

Since the government brought the new tax regime into effect in 2020, taxpayers have a choice of opting between two systems: the old regime of deductions and exemptions, and the new regime with ...

Individual taxpayers are permitted to switch between tax regimes every year. This means even if you opted for the old tax regime last year, you can switch to the new regime this year and vice versa.

When filing their ITR, salaried individuals, professionals, and pensioners will need to decide between the New Tax Regime and the Old Tax Regime. If opting for the default New Tax Regime ...

The Income Tax ... between the old and the new tax regimes. If you are also thinking between the two regimes, these are a few factors which you should consider. I. Lower tax slab: The new tax ...

ITR Filing for the Assessment Year 2025-26 is just around the corner, and taxpayers must stay informed to avoid penalties or delays. With the Income Tax Department set to notify updated ITR forms soon ...

This is primarily because this is one of the few exemptions available under the new tax regime ... the old structure, it could lead to a change in employee behaviour. Those earning between Rs ...

Eligibility to file Form 15H differs between the old and new tax regimes. Under the old regime, the basic exemption limit is Rs 3 lakh, and seniors above this cannot file Form 15H. However ...

Laurence Lancaster, Barrister-at-Law and Group Head of Tax at The Sovereign Group, delivered a highly technical yet accessible deconstruction of the United Kingdom’s new non-dom tax landscape during ...

Speaking to CNBC-TV18, Mayur Shah, Tax Partner at EY India, and Mohit Gang, Co-Founder and CEO of Moneyfront, broke down how taxpayers should evaluate the new regime versus the old one. Shah explained ...