Taxpayers can choose between the old and new income tax regimes annually, provided they don't have business income ...

One of the greatest benefits of the old tax regime is the right to claim a broad set of deductions and allowances not ...

If you want to claim income tax (I-T) deductions which you are entitled to by virtue of investments in the tax-saving ...

Salaried individuals can switch tax regimes annually when filing ITR; business owners can switch once; the new regime offers ...

Many taxpayers are unaware of the income tax slabs that will apply to their income under the new tax regime, which is ...

Salaried taxpayers can switch to the old tax regime if they believe that this would lead to higher tax savings even if they ...

Key changes in the Income Tax Return (ITR) filing process for those opting for the old tax regime in the Assessment Year 2025 ...

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

Like every year, salaried individuals around this time of the year are preparing to file Income Tax Return (ITR).

Salaried taxpayers opting for the old tax regime must now follow a revised ITR filing process for FY 2024-25. Merely using ...

Individual taxpayers without business income in India can freely switch between the old and new income tax regimes every year. However, the choice is subject to deadlines and procedural conditions ...

In this article, we will dive deep into both tax regimes - Old Tax Regime and New Tax Regime. The write-up will explain ...