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

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

Revising your salary structure with tax-efficient components like HRA, LTA, and reimbursements can significantly reduce your ...

The Income Tax Department has rolled out updated Excel utilities for ITR-1 and ITR-4 for AY2025–26. These forms now support ...

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.

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

NRIs to pay lower LTCG tax on these equity shares due to proposed forex fluctuation benefit in New Income Tax Bill 2025 ...

Finance Minister Nirmala Sitharaman introduced new income tax regime changes in Budget 2025, featuring revised tax slabs for ...

The benefits of House Rent Allowance (HRA) are only available under the old tax regime. One can claim HRA benefits if you are ...

Currently, individuals eligible to file ITR-1 (Sahaj) and ITR-4 (Sugam) can begin preparing and submitting their returns ...

The income tax filing for the financial year 2024-25 is just around the corner. Taxpayers will file their income tax in the ...

Taxpayers having business income are now required to provide the previous year’s details if they wish to opt out of the new ...