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

As the deadline for issuing Form 16 approaches, many salaried individuals are preparing to file their Income Tax Returns (ITR ...

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

"The previous tax regime, known as the old regime, was in place before the new regime was introduced. It offered over 70 exemptions and deductions, such as HRA and LTA, which could help ...

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 ...

However, there’s a crucial caveat. This flexibility to change regimes is only available if the ITR is filed on or before the ...

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

The new tax regime will have new income tax slabs from FY 2025-26. Many salaried employees hesitated to switch to the new tax ...

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