If you are also doing new tax planning in this new financial year, then you can adopt the New Tax Regime. Taxpayers will get many benefits in the new tax regime. The first benefit is that there is no ...

The decision between the old and new regime depends on available deductions and exemptions. If the assesse has deductions and exemptions exceeding the amount in the column D, then old regime is more ...

Under the new tax regime, you can get a 30% standard deduction on rental income, known as Net Annual Value (NAV). This means ...

Before doing the calculations of paying zero tax, let's check the slabs, standard exemptions, and deductions under the new tax regime. In the new regime, you now get a standard deduction of up to Rs ...

Old tax regime, however, still offers taxpayers a range of options to save taxes through various eligible deductions and exemptions post 2025 Union Budget. On the other hand, the new tax regime has a ...

While both tax regimes have their pros and cons, the new tax regime is now more attractive and a better option for many individuals.

A taxpayer can switch to the old income tax regime while filing the Income Tax Return (ITR), subject to certain conditions ...

Taxpayers contemplating hiking rent paid to parents to maximise tax benefits need to be cognisant of the fact that ...

Notably, taxpayers can claim exemption for HRA along with the interest on home loan under the old tax regime in the same year. “If a salaried person is paying high rent, it is advisable to opt for the ...

Are you making right claim of refunds in your Income Tax Return — Here are the key points which you are required to know before filing your Income Tax Return!! > Every person who is having income ...

From a slew of deductions in the old regime to some surprising ones in the new regime, here is a look at your options for ...

Borrowing to finance infrastructure is now more expensive. Meanwhile, congressional tax writers are toying with the municipal ...