With Budget 2025 making income up to Rs 12 lakh tax-free under the new regime, salaried taxpayers are weighing the benefits of switching from the old regime. In this explainer, tax expert Gaurav ...

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

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

If you're planning to file your Income Tax Return (ITR) for the financial year 2024–25, it's crucial to understand the ...

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

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) ...

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

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

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

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