For FY 2024-25, the new tax regime is automatically applied to taxpayers. Salaried individuals can still choose the old ...

Chartered Accountant Abhas Halakhandi, writing on X (formerly known as Twitter) has recently brought attention to a concern ...

From FY2025-2026, salaried individuals earning up to Rs 12 lakh may no longer need old tax regime deductions. With income now ...

Minimum threshold of deductions at which it is rational for taxpayers to opt for old tax regime is ₹4 lakh, and not anything ...

Salaried individuals earning up to ₹12 lakh may find the new tax regime easier, but it isn’t always cost-effective. Experts ...

Salaried employees or pensioners without business income can change their tax regime at any time prior to filing their ITR ...

Corporate NPS contribution, employers’ contribution to EPF and tax breaks on housing loan interest in the case of let-out ...

The New Income Tax Bill 2025 will come into force from April 1, 2026. It will replace the Income Tax Act, 1961, in operation ...

Bill, 2025 introduces separate provisions for Minimum Alternate Tax (MAT) and Alternate Minimum Tax (AMT), providing greater ...

The updated Bill, presented by Finance Minister Nirmala Sitharaman on August 11, incorporates most of the recommendations ...

This leaves small taxpayers, including senior citizens, still obliged to file tax returns solely to recover excess TDS, even ...

By extending the rebate under Section 87A to an income of up to ₹12 lakh, Budget 2025 introduced a substantial relief to the ...