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

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

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

Income tax return (ITR) filing season is back and the taxpayers have two more months to go for filing their tax returns ...

Revising your salary structure with tax-efficient components like HRA, LTA, and reimbursements can significantly reduce your ...

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

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

Since the government brought the new tax regime into effect in 2020, taxpayers have a choice of opting between two systems: the old regime of deductions and exemptions, and the new regime with ...

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

Finance Minister Nirmala Sitharaman introduced new income tax regime changes in Budget 2025, featuring revised tax slabs for ...