The current income tax rules does provide the freedom for taxpayers to choose between the new tax regime and the old tax regime based on whichever may be more advantageous to them. Is it possible ...

The old tax regime allows taxpayers to claim various exemptions and deductions for tax-saving investments, health insurance ...

While you review your income and deductions for the year, you may start considering whether the old or new tax regime provides greater savings. HOW TO CHANGE THE TAX REGIME? The income tax return ...

With Budget 2025 making income up to Rs 12 lakh tax-free under the new regime, salaried taxpayers are weighing the benefits ...

Old versus revised new tax regime: Let us consider an individual ... who opt for the new tax regime will also benefit from this change. They will be eligible for a deduction of up to 14% of ...

The Income Tax Return (ITR) filing season for Assessment Year 2025–26 has started, and there are some important changes you ...

the new rates shall apply for subsequent years. However, the law provides such taxpayers one single option of switching back to the old tax regime should their circumstances change. Remember ...

The deadline to file income tax has been extended by the Income Tax Department to September 15, 2025 for the assessment year ...

In the previous income tax regime, companies are permitted ... In contrast to salaried taxpayers, who can change between the old and new regimes every year of their financial lives, companies ...

In certain scenarios, the old tax regime may still offer a comparative advantage over the new regime. (Image: Financial Express) The proposals introduced by Finance Minister Nirmala Sitharaman in ...