As the new regime becomes the default, here’s how both systems compare on tax rates, deductions and overall savings.

Heightened I-T dept scrutiny has compelled many salaried taxpayers to avail of deductions on 80C tax-saving investments, HRA, ...

One big reason for the delay is that the tax filing season began late this year. Normally, people can file their returns from April onwards. But this time, the Income Tax Department released the ITR ...

New Delhi, July 30 (IANS): The Income Tax Department on Wednesday informed that it has enabled online filing of income tax ...

Tax-payers opting for old tax regime can claim deduction on education expenses such as tuition fees, preventive health ...

With income up to Rs 12 lakh now eligible for a rebate under Section 87A, many senior citizens may end up paying zero tax ...

The new tax regime may be offering lower rates. However, you might be overlooking Rs 1 lakh or more in potential savings by ...

The relevant tax authority shall only assign outstanding tax debts to a third party where all legal steps for tax debt ...

Despite the pressure building from the Left of the Labour Party for a new wealth tax, there is no chance it will get past ...