Every year, when the time comes to file Income Tax Return (ITR), most people consider it a formality and settle it in a hurry. Some people choose the old tax regime, and some people choose the new tax ...

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

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 ...

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

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

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 ...

Reduce your tax burden with home loan deductions under Sections 24(b), 80C, 80EE, and 80EEA. Learn how to maximise your ...

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 ...