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

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

Even though majority of the tax incentives are not available under the default or new tax regime u/s 115BAC(1A), the tax ...

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

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

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

Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.

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

As many as 33 per cent selected the wrong tax regime. Among them, 86 per cent should have switched from the old to the new regime, while the rest would have gained by opting for the old regime.

You can move to another regime while filing Income Tax return, but maybe asked to pay extra tax if you change your choice ...

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

This can be done by eliminating the deductible allowances, such as House Rent Allowance (HRA), Leave Travel Allowance (LTA) under the old regime, and adding reimbursement components to reduce the ...