America inherited the core institutional framework of Europe (especially Britain) but refined and amplified it through ...

Your monthly loan repayment may feel like a drain, yet that same outgoing can slash your tax bill if you structure it right.

Confused about which ITR form to choose or how to verify your return? Here's your go-to guide to filing ITR for Assessment ...

The new tax regime under Section 115BAC of the Income Tax Act offers lower tax rates in exchange for giving up most ...

Here's everything you need to know about which deductions are claimable under the new tax regime 2025-26 and the benefits ...

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

Shefali Mundra, tax expert, ClearTax, is of the view that the old regime may still suit those with substantial deductions. "The changes reduce the need for complex documentation and for investing ...

As the ITR filing season for the financial year 2024-25 (FY25) begins, individual taxpayers need to make an important choice- stick with the default new tax regime or opt for the old one. The new ...

Under the dual tax regime structure introduced from Assessment Year (AY) 2021–22, individuals and Hindu Undivided Families (HUFs) can choose between the old regime, which allows various exemptions and ...

This means if your annual income is up to Rs 12.75 lakh, you might end up paying zero tax under the new regime starting 1st April 2025 (applicable for FY2025-26, ITR filed in FY2026-27).

Under the old tax regime, taxpayers can claim various deductions and exemptions, while the new tax regime does not offer much deductions. Listen to Story For taxpayers not requiring an audit, the ITR ...

There used to be a more equitable way for people with the largest fraud losses to deduct them from their income, using a tax deduction for victims of personal casualties, disasters and theft. But ...