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

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 ...

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

Due to the income tax changes made in the FY 2024-25 (AY 2025-26), Form 16 will show certain changes this year. It will ...

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

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

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

Income tax return (ITR) filing season is back and the taxpayers have two more months to go for filing their tax returns before the July 31 deadline. As the new tax regime is the default regime now ...