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

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

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

Enhanced disclosure requirements for taxpayers opting for the old tax regime. - Automation of deduction verification aims to ...

The basic exemption limit varies depending on the chosen income tax regime. For the old tax regime, the limit is set at Rs ...

Learn about the 7 key errors to avoid, especially in HRA claims and capital gains tax calculations, to ensure a smooth tax filing process ...

The Income Tax Return (ITR) filing season for Assessment Year 2025–26 has started, and there are some important changes you ...

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.

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 ...