For AY2025-26, understanding tax liability under each income tax regime is crucial. Here's calculation for Rs 10 lakh, Rs 20 lakh, Rs 30 lakh, Rs 40 lakh, and Rs 50 lakh incomes.

A breakdown of deductions, exemptions, savings under the old and new systems will help you manage your finances ...

If you want to file smoothly, avoid errors, and potentially save on taxes, here are some essential tips you should know ...

There are two tax regimes under which the income tax return can be filed: old tax regime and new tax regime. In the old regime, taxpayers are entitled to claim deductions for investment made in ...

making the old regime a better choice. So, taxpayers in the highest tax bracket have no extra incentive to opt for the new tax regime. IV. When the tax calculator suggests you opt for it ...

If the calculator shows that you owe less tax under the old regime, then that’s the one to go for — regardless of the newer system's simplified structure. The new tax regime may be simpler ...

Under the new tax regime, individuals with annual income up to Rs 7 lakh can avail a rebate under Section 87A, meaning they won’t have to pay any tax.

When filing their ITR, salaried individuals, professionals, and pensioners will need to decide between the New Tax Regime and the Old Tax Regime. If opting for the default New Tax Regime ...

In the new financial year, taxpayers are gearing up to file their income tax returns (ITRs) for FY2024-25 (Assessment Year 2025-26). At the same time, these taxpayers do their math to check how ...

When we think about availing tax benefits on a home loan, the first picture that strikes our mind is of the old tax regime ... Rs 22.5 lakh or Rs 30 lakh? Proposed New Tax Regime Calculations: Is your ...

If you're thinking of moving from the old to the new tax regime in India, and you’ve accumulated business losses in the past, it’s natural to wonder what becomes of them. The good news is that ...