From FY2025-2026, salaried individuals earning up to Rs 12 lakh may no longer need old tax regime deductions. With income now ...

The new tax regime, introduced to simplify taxation with lower rates, comes with a trade-off: fewer deductions. However, for ...

Learn how to report tax regime changes in ITR-3 for AY 2025–26 using Form 10-IEA. Includes rules, filing steps, and common ...

All the major changes announced in Budget 2024 - rejig of income tax slabs under the new regime and rationalisation of ...

Corporate NPS contribution, employers’ contribution to EPF and tax breaks on housing loan interest in the case of let-out ...

While the new regime has fewer levers, there are still legitimate strategies available to reduce tax liability. When Budget ...

Adopting the new tax regime by default while filing your Income Tax Return (ITR) for FY 2024–2025 seems to be the easiest ...

If you decide to opt for the new tax regime under Section 115BAC, you should look at your income profile, available ...

Following this revision, the old tax regime will only be advantageous to taxpayers who are eligible to claim Rs 2 lakh ...

When the income tax exemption limit was increased to Rs 12 lakh under the new tax system in Budget 2025, lakhs of salaried people heaved a sigh of relief. Compared to the old system, this new system ...

By extending the rebate under Section 87A to an income of up to ₹12 lakh, Budget 2025 introduced a substantial relief to the ...