Budget 2024 has proposed changes in the income tax slabs under the new tax regime. The changes have been made at the lower level of the income tax slabs, and this will largely benefit the lower ...

Old vs New Tax Regime, ITR Filing: Selection between the old and the new tax regime while filing the income tax return (ITR Filing) is as tough as selection between identical right and wrong paths ...

As many as 33 per cent selected the wrong tax regime. Among them, 86 per cent should have switched from the old to the new regime, while the rest would have gained by opting for the old regime.

As the new tax regime is the default regime now, taxpayers who want to file their return under the old tax regime – are meant to opt for it separately. These are some of the factors which should ...

From FY25 the standard deduction under the new tax regime was raised to Rs 75,000. Meanwhile the old tax regime allows taxpayers to claim a greater number of deductions and exemptions such as ...

The Indian government introduced a new tax regime in the Union Budget 2020, providing taxpayers with an alternative to the existing (old) tax regime and adding to the tax concepts we must be ...