Some individuals opt for the new regime without a comparative analysis of the tax liability under the two regimes.

The decision between the old and new regime depends on available deductions and exemptions. If the assesse has deductions and ...

The new regime offers lower tax rates, but does not allow most tax deductions. On the other hand, the old regime permits ...

According to rules, salaried individuals can switch regimes annually, while business professionals can do so only once, and ...

The new tax regime from FY 2025-26 offers zero tax on incomes up to Rs 12 lakh, making it an attractive option for many.

The Income Tax Department’s latest updates to ITR-1 and ITR-4 for Assessment Year 2025–26 have sent a clear message—claiming deductions and exemptions ...

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

Leave Travel Allowance (LTA) is a common perk in many salary packages, yet with two tax regimes in place, people often ask if ...

According to Indian tax laws, filing ITR is mandatory only if your income exceeds the basic exemption limit, which varies ...

Despite performing relatively better than other provinces and showing steady improvement in revenue, Sindh’s own-source ...