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

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

T department allows taxpayers to opt between the two tax regimes. However, the decision can significantly impact your tax ...

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 ...

Under the new tax regime, individuals with annual income up to Rs 7 lakh can avail a rebate under Section 87A, meaning they ...

FY26 has brought with it several tax changes – the biggest one of them being the huge sweetener in the new income tax regime. This, along with major capital gains tax changes announced in July 2024 ...

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

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

If you are also doing new tax planning in this new financial year, then you can adopt the New Tax Regime. Taxpayers will get ...

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

Under the new income tax regime, taxpayers can now avail of a standard deduction of up to Rs 75,000, which makes an annual ...