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

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

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

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

The new tax regime from FY 2025-26 offers zero tax on incomes up to Rs 12 lakh, making it an attractive option for many.

Big tax savings are possible—even under the no-exemptions new regime. A case study shows how a Rs 50 lakh salaried employee ...

Finance Minister Nirmala Sitharaman introduced new income tax regime changes in Budget 2025, featuring revised tax slabs for ...

Under the old tax regime, HRA is exempted under section 10(13A) of Income Tax Act for salaried individuals while this exemption is not available in the new tax regime. IV. Calculator: Income Tax ...

Taxpayers in India can choose between two different regimes while filing their income tax returns ... under the new tax regime was raised to Rs 75,000. Meanwhile the old tax regime allows ...

According to Indian tax laws, filing ITR is mandatory only if your income exceeds the basic exemption limit, which varies ...

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

In a move to aid retired citizens with their tax responsibilities, the Income Tax Department has published a detailed ...