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

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

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 ...

Companies that have opted for the new concessional tax regime can now also claim deductions under Section 80M for dividends received from other companies.

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

The new Income Tax Bill also gives big tax relief to the family members of deceased employees. It allows for 100% tax ...

The legislation, once enacted, will formally replace the 63-year-old tax code with a modernised legal framework designed to align with evolving economic realities.

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

With the income tax return (ITR) filing date extended to September 15, taxpayers have more time to decide whether to choose the old or new tax regime.

The updated Bill, presented by Finance Minister Nirmala Sitharaman on August 11, incorporates most of the recommendations ...