Samuel Agbeluyi has hailed the new tax reforms as a major economic milestone, easing burdens for SMEs and correcting outdated ...

The ITR deadline is September 15 and if you've opted for the new tax regime, you might be wondering: Can I still save on ...

If you choose the new tax regime, you would not be able to claim the following 7 major deductions, check them out.

Unlock higher tax refunds for FY 2024–25 by understanding eligible deductions (80C, 80D, HRA), utilising presumptive taxation, and avoiding common ITR filing errors like data mismatches and incorrect ...

CBDT has notified revised ITR forms for AY 2025-26, introducing a series of notable changes aimed at improving accuracy, transparency and granularity of income reporting across various taxpayer ...

While the two bills are similar on the major tax provisions, how they work out their differences in the coming weeks will ...

The new tax regime under Section 115BAC of the Income Tax Act offers lower tax rates in exchange for giving up most ...

Here's everything you need to know about which deductions are claimable under the new tax regime 2025-26 and the benefits ...

Salaried individuals can switch tax regimes annually when filing ITR; business owners can switch once; the new regime offers ...

Therefore, the maximum tax deduction would be in year one; then it would get smaller in future years. Let's assume an interest rate of 9.5% on a six-year car loan. On a $42,000 car loan in this ...

The sweeping GOP tax bill calls for an above-the-line deduction of up to $10,000 in car loan interest during a given taxable year. You'd pay no tax on that interest, if you qualified. The proposed ...

Last year, data show Americans drove away from dealerships with more than 15 million new vehicles, with roughly 80% of buyers reportedly relying on financing to purchase. So far in 2025, average ...