D (health insurance), and home loan interest are just a few of the many exemptions and deductions that were available under ...

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

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

As the ITR 2025 deadline approaches, many taxpayers are confused about what documents to gather and which regime to opt for.

In a move to aid retired citizens with their tax responsibilities, the Income Tax Department has published a detailed ...

This can be done by eliminating the deductible allowances, such as House Rent Allowance (HRA), Leave Travel Allowance (LTA) ...

The new regime offers lower tax rates, but does not allow most tax deductions. On the other hand, the old regime permits popular tax deductions and exemptions under Sections 80C, 80D, HRA, LTA, and ...

Even then, petroleum products are out of the purview of the GST regime ... cent GST slab. Gradually, even slabs of 6 and 12 per cent may also be replaced by a new 10 per cent tax structure.

the old tax regime may still be the better option for many, especially those who actively make use of tax-saving investments and allowances. The new tax regime, introduced to simplify the taxation ...

then the new regime can be beneficial for you, as the tax slab rates in it are lower than the old regime. Here are 6 benefits available under the new tax regime. Under the Agneepath scheme ...

Yes, you can change your tax regime while filing your Income Tax Return (ITR). Since the introduction of the new tax regime in Budget 2020, individual taxpayers and Hindu Undivided Families (HUFs) ...