Income tax return (ITR) filing season is back and the taxpayers have two more months to go for filing their tax returns ...

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

Choosing between the old and new tax regimes depends on your income level, eligible deductions and life changes-switching is ...

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

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.

Taxpayers in India can choose between two different regimes while filing their income tax returns --- each with a corresponding set of exemptions and benefits.

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

The new regime offers lower tax rates, but does not allow most tax deductions. On the other hand, the old regime permits ...