For FY 2024-25, the new tax regime is automatically applied to taxpayers. Salaried individuals can still choose the old ...

Taxpayers now have until September 15, 2025, to file their ITR for FY 2024-25, following a 45-day extension. Here are the tax ...

Salaried individuals earning up to ₹12 lakh may find the new tax regime easier, but it isn’t always cost-effective. Experts ...

Minimum threshold of deductions at which it is rational for taxpayers to opt for old tax regime is ₹4 lakh, and not anything ...

Salaried employees or pensioners without business income can change their tax regime at any time prior to filing their ITR ...

Corporate NPS contribution, employers’ contribution to EPF and tax breaks on housing loan interest in the case of let-out ...

The New Income Tax Bill 2025 will come into force from April 1, 2026. It will replace the Income Tax Act, 1961, in operation ...

Bill, 2025 introduces separate provisions for Minimum Alternate Tax (MAT) and Alternate Minimum Tax (AMT), providing greater ...

CAs highlight no income tax rebate under Section 87A despite income below Rs 7 Lakh under new tax regime in this situation ...

This leaves small taxpayers, including senior citizens, still obliged to file tax returns solely to recover excess TDS, even ...

While the new regime has fewer levers, there are still legitimate strategies available to reduce tax liability. When Budget 2025 increased the income tax rebate limit to Rs.12 lakh under the new tax ...

By extending the rebate under Section 87A to an income of up to ₹12 lakh, Budget 2025 introduced a substantial relief to the ...