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 ...

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 ...

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

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 ...

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 ...

Many individuals are confused about whether income tax rules allow a taxpayer to choose any tax regime during the income tax ...

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

Those filing their returns for the first time must also choose between two tax regimes (with different deduction amounts) and ...

Though the new tax regime is the default regime, the taxpayers have the option to switch to the old regime. Often, people forget to choose the tax regime most beneficial for them and want to change it ...