For the unversed, the new income tax regime offers concessional tax rates in exchange for non-entitlement of most income tax deductions, such as section 80C, 80D and 80DD, among others.

The income tax return form, by default, applies to the new regime. It inquires from the taxpayers whether they wish to come out under Section 115 BAC. Selecting 'Yes' transfers them to the old tax ...

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

It is essential to inform your employer of your preferred tax regime on time to ensure that less tax is deducted from your ...

Proposed New Tax Regime Calculations: Is your salary Rs 12,78,000? Will you be taxed on Rs 3,000, or Rs 12,78,000; check details As capital gains tax rates change, here's how much income tax you will ...

Major portions of the U.S. tax code are scheduled to expire at the end of 2025, and as the U.S. tax landscape faces potential ...

The new financial year, FY26, has already started. With this new financial year comes the new Tax regime, which has a big difference in terms of many things. The government has recently rolled out ...

Elon Musk is the face of DOGE, but Russell Vought is the brains. He’s been planning such a crusade since well before Project ...

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 ...