Are you planning to shift from old to new tax regime during actual ITR filing this fiscal? keep the following things in mind.

The old tax regime offers more deductions and exemptions compared to the new tax regime, making it a preferred choice for individuals who can take advantage of these benefits. Additionally, the Budget ...

You should opt for the old tax regime if you want to claim deductions and exemptions for house rent allowance.

Higher Income Brackets: For people with annual incomes above Rs 24 lakh, both regimes apply the same top tax rate of 30%. But ...

The new tax regime also offers a higher standard deduction. Last year, it was raised from Rs 50,000 to Rs 75,000 for salaried ...

Our panel of experts answers questions related to any aspect of personal finance. If you have a query, mail it to us right ...

So, if your employer deducted taxes based on the old tax regime, you can still shift to the new regime when filing your ...

The new tax regime is now the default option. If you wish to continue with the old tax regime, you must inform your employer.

The highest tax rate of 30 percent kicks in when annual income is more than ₹15 lakh in the new tax regime. Additionally, tax ...

Old tax regime, however, still offers taxpayers a range of options to save taxes through various eligible deductions and ...

Under the new tax regime, there is a small tax exemption of Rs 3,500 per financial year available on the interest earned from ...

Some are drawn to the lower tax slabs offered by the new tax regime, while others prefer the old tax regime for the deductions and exemptions it allows. Here are some situations where opting for ...