In the new financial year, taxpayers are gearing up to file their income tax returns (ITRs) for FY2024-25 (Assessment Year 2025-26). At the same time, these taxpayers do their math to check how ...

Around 73 percent of taxpayers have already opted for the new tax regime while CBDT chairman recently said that there are expectations that 90 percent taxpayers will opt for the new tax regime ...

While the government’s push for the new tax regime has made it the default option, many salaried individuals still find the old system more beneficial — especially those who actively utilize ...

I carried them forward in my last year Income Tax Return (ITR), again under the old regime. In the current assessment year, I am planning to switch to the new regime. Can I carry forward the ...

and deductions under the new tax regime. In the new regime, you now get a standard deduction of up to Rs 75,000. Under the new tax regime, taxpayers need to pay 0 tax if their income is up to Rs 12 ...

If you're thinking of moving from the old to the new tax regime in India, and you’ve accumulated business losses in the past, it’s natural to wonder what becomes of them. The good news is that ...

A common question every year is whether to opt for the old tax regime or the new tax regime. The right choice depends on your income, investments, and eligible deductions. In the new tax regime ...

Mumbai: With the start of the new financial year 2025-26, salaried individuals are once again facing the common dilemma — which tax regime to choose: old or new? Employers are asking for ...

Tax Regimes in 2025-26: The New Tax Regime is known to offer reduced slabs and fewer deductions, with just enhanced standard deduction and select exemptions. The fiscal year 2025-26, which kicked ...

Proposed New Tax Regime Calculations: Is your salary Rs 12,78,000? Will you be taxed on Rs 3,000, or Rs 12,78,000; check details As capital gains tax rates change, here's how much income tax you will ...

Failure to declare a preference results in automatic taxation under the new regime, which is now the default option. This default mechanism aims to streamline tax deduction at source (TDS ...