Taxpayers can choose between the old and new income tax regimes annually, provided they don't have business income. The new ...

Here's everything you need to know about which deductions are claimable under the new tax regime 2025-26 and the benefits ...

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

Salary income: The standard deduction of INR 75,000 will continue for new regime taxpayers, compared to INR 50,000 under the old tax regime. The new tax regime provides a total rebate of INR ...

Many taxpayers are unaware of the income tax slabs that will apply to their income under the new tax regime, which is ...

Preeti Sharma, Partner, Global Employer Services, Tax & Regulatory Services of BDO India shares her views on tax filing ...

Budget 2024 has proposed changes in the income tax slabs under the new tax regime. The changes have been made at the lower level of the income tax slabs, and this will largely benefit the lower ...

There will be no income tax payable upto income of Rs 12 lakh (i.e. average income of Rs 1 lakh per month other than special rate income such as capital gains) under the new regime. This limit ...

Once enacted, the proposed bill will replace the six-decade-old Income Tax Act of 1961 ... annually won't have to pay any income tax under the new regime. Add to it the standard deduction of ...

Typically, companies do not allow their employees to switch the tax regime in the middle of the financial year for the purpose of TDS on salary. However, an individual can choose any tax regime while ...

ITR Filing 2025 Deadline: The Income Tax Return filing (ITR Filing) season has begun and as the ITR filing deadline for ...

Step 1: Visit the Income Tax e-Filing portal - https://www.incometax.gov.in/iec/foportal/ Step 2: Log in to the e-Filing portal by entering your user ID (PAN ...