At the time of filing income tax return, taxpayers are supposed to be aware of different provisons which apply to the new tax ...

The government brought in the new tax regime to make things simpler for taxpayers. It gives you more tax slabs with lower ...

While filing income tax, taxpayers will get two options. These include the old tax regime and the new tax regime. Both of ...

Old tax regime, however, still offers taxpayers a range of options to save taxes through various eligible deductions and ...

Many individuals will opt for the new tax regime for FY 2025-26. This is due to the new income tax slabs introduced from April 1, 2025. The new tax regime does not offer many exemptions and interest.

Nothing is certain except death and taxes.”1 In India, there is no dispute on the mandate of the sovereign to raise taxes but much debate on whom to tax, what to tax, and the rates of taxation. It is ...

Higher Income Brackets: For people with annual incomes above Rs 24 lakh, both regimes apply the same top tax rate of 30%. But ...

While the new regime offers reduced tax slabs, it doesn’t let you claim the usual deductions available under the old regime. It’s lower rates, but with fewer tax-saving options.

Taxpayers contemplating hiking rent paid to parents to maximise tax benefits need to be cognisant of the fact that ...

The old tax regime offers more deductions and exemptions compared to the new tax regime, making it a preferred choice for individuals who can take advantage of these benefits. Additionally, the Budget ...

As income tax return (ITR) filing for Assessment Year (AY) 2025-26 is around the corner, taxpayers are once again faced with ...