If the old regime is better for you, and you have invested heavily under Section 80C, but don’t inform your employer, more tax might be deducted from your salary during the year.

Some are drawn to the lower tax slabs offered by the new tax regime, while others prefer the old tax regime for the deductions and exemptions it allows. Here are some situations where opting for ...

An award-winning accountancy firm is offering support to businesses to help them plan ahead so they can file their taxes ...

If you are an income taxpayer and want to compute your total tax payable for the financial year 2024-25, you can use an income tax calculator to find it. The income tax calculator helps you ...

Finance Minister Nirmala Sitharaman’s budget announcements for FY25-26 come into effect today, and those who choose the new tax regime will have to pay significantly less this year.

income tax benefit under new tax regime For the tax brackets of Rs 20,00,001-24,00,000 and above Rs 24,00,001, the entries are NA as no taxable income remained after the fifth bracket. Had there ...

Choose tax regime, notify employer The Union Budget of 2025 made the new tax regime more appealing, necessitating a fresh assessment this year. "Factor in all the tax deductions and exemptions you ...