With Budget 2025 making income up to Rs 12 lakh tax-free under the new regime, salaried taxpayers are weighing the benefits of switching from the old regime. In this explainer, tax expert Gaurav ...

The decision between the old and new regime depends on available deductions and exemptions. If the assesse has deductions and ...

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

The Income Tax Department’s latest updates to ITR-1 and ITR-4 for Assessment Year 2025–26 have sent a clear message—claiming ...

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

The basic exemption limit varies depending on the chosen income tax regime. For the old tax regime, the limit is set at Rs ...

The new tax regime from FY 2025-26 offers zero tax on incomes up to Rs 12 lakh, making it an attractive option for many.

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

Leave Travel Allowance (LTA) is a common perk in many salary packages, yet with two tax regimes in place, people often ask if ...

Learn about the 7 key errors to avoid, especially in HRA claims and capital gains tax calculations, to ensure a smooth tax filing process ...

Discover how UAE's tax policies are attracting wealth as UK reforms its non-dom tax regime, impacting high-net-worth ...