T department allows taxpayers to opt between the two tax regimes. However, the decision can significantly impact your tax ...

If substantial past losses relate to now-disallowed deductions, switching to the new regime may forfeit their set-off. In ...

So, if your employer deducted taxes based on the old tax regime, you can still shift to the new regime when filing your ...

The start of the financial year means informing your employer about the preferred tax regime. Many individuals are confused ...

Small businesses and professionals with turnovers up to ₹2 crore and ₹24 lakh see an opportunity to pay zero tax through the ...

Under the new tax regime, individuals with annual income up to Rs 7 lakh can avail a rebate under Section 87A, meaning they ...

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

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

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

Union AMC CEO discusses potential impact of new tax regime on SIPs, advises on investment strategies for wealth creation.

Salaried individuals and pensioners can switch tax regimes every year while filing their ITR, while taxpayers with income from business or profession can switch regimes only once in lifetime.

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 ...