With Budget 2025 making income up to Rs 12 lakh tax-free under the new regime, salaried taxpayers are weighing the benefits ...

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

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

Choosing between the old and new tax regimes depends on your income level, eligible deductions and life changes-switching is allowed at the time of filing your return ...

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

This can be done by eliminating the deductible allowances, such as House Rent Allowance (HRA), Leave Travel Allowance (LTA) ...

D (health insurance), and home loan interest are just a few of the many exemptions and deductions that were available under ...

Enhanced disclosure requirements for taxpayers opting for the old tax regime. - Automation of deduction verification aims to ...

As the new tax regime is the default regime now, taxpayers who want to file their return under the old tax regime – are meant to opt for it separately. These are some of the factors which should ...

Revising your salary structure with tax-efficient components like HRA, LTA, and reimbursements can significantly reduce your ...

Leave Travel Allowance (LTA) is a common perk in many salary packages, yet with two tax regimes in place, people often ask if ...

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