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With Budget 2025 making income up to Rs 12 lakh tax-free under the new regime, salaried taxpayers are weighing the benefits of switching from the old regime. In this explainer, tax expert Gaurav ...
The basic exemption limit varies depending on the chosen income tax regime. For the old tax regime, the limit is set at Rs ...
Some individuals opt for the new regime without a comparative analysis of the tax liability under the two regimes.
Finance Minister Nirmala Sitharaman introduced new income tax regime changes in Budget 2025, featuring revised tax slabs for ...
Learn about the 7 key errors to avoid, especially in HRA claims and capital gains tax calculations, to ensure a smooth tax filing process ...
According to rules, salaried individuals can switch regimes annually, while business professionals can do so only once, and ...
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India Today on MSNIs LTA exempt under the New Tax Regime? What you should knowLeave Travel Allowance (LTA) is a common perk in many salary packages, yet with two tax regimes in place, people often ask if ...
Business Today on MSN5d
Salaried taxpayers alert: You can’t claim LTA under New Tax Regime; check detailsThe new tax regime from FY 2025-26 offers zero tax on incomes up to Rs 12 lakh, making it an attractive option for many.
Once a go-to investment for tax savers, Equity Linked Savings Schemes (ELSS) are facing an identity crisis. With the new tax ...
India's crypto sector is ramping up lobbying attempts to reduce the oppressive taxes that have stifled domestic trade for ...
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