The decision between the old and new regime depends on available deductions and exemptions. If the assesse has deductions and ...

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

According to rules, salaried individuals can switch regimes annually, while business professionals can do so only once, and ...

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.

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

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

The Income Tax Return (ITR) filing season for Assessment Year 2025–26 has started, and there are some important changes you should know—especially if ...

Choosing between the old and new tax regimes depends on factors like home loan deductions, income level, and personal financial goals, with the old regime benefiting those with high deductions and the ...

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

These are exempt to a large or small extent under the old regime, and they decrease taxable income. Under the new regime, these exemptions are not permitted, and your take-home tax burden could ...

As the ITR 2025 deadline approaches, many taxpayers are confused about what documents to gather and which regime to opt for.

Under the new tax regime, Leave Travel Allowance (LTA) is fully taxable—know how it differs from the old regime and exemption ...