As the financial year 2025-26 begins, taxpayers must choose between the two income tax regimes when they file their income ...

Under the old tax regime, taxpayers can claim various deductions and exemptions, while the new tax regime does not offer much ...

The Union Budget 2025 has introduced some major changes to India’s income tax structure. If you’re a salaried employee or ...

Old vs new tax regime: As the financial year has ended, taxpayers will now begin gathering their documents to file their income tax returns (ITR) before the deadline of July 31, 2025. Just like ...

April is the month when your employer asks you to choose between the old and new tax regime for TDS on salary for FY 2025-26.

There is a marginal relief of up to Rs 22,222 under the new regime until the net taxable income reaches Rs 7,22,222. Marginal relief ensures that the excess tax liability is limited to the excess ...

Both the old and new tax regimes have advantages and disadvantages, but the New Personal Tax Regime is the best option for taxpayers making up to Rs. 12 lakhs per year since it provides a full refund ...

The revisions introduced under the new tax regime is aimed to make the new regime easier, cut down on paperwork, and minimise ...

Though the new income tax regime will feature revamped tax slabs from April 1, 2025 onwards, the old regime offers a slew of deductions and exemptions.

With the start of the new financial year, many income tax changes will take effect; understanding the latest income tax slabs ...

The start of the financial year brings with it an important decision for salaried employees—which income tax regime to choose ...

Salaried individuals can switch between old and new tax regimes every year, while business owners have limited flexibility.