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 ...

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

From FY2025-2026, salaried individuals earning up to Rs 12 lakh may no longer need old tax regime deductions. With income now ...

With the ITR filing deadline extended to September 15, 2025, you’ve got more time to pick the right tax regime. Should you stick to the old one with its deductions, or go for the new one with lower ...

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

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

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 ...

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