The new regime offers lower tax rates, but does not allow most tax deductions. On the other hand, the old regime permits ...

The decision between the old and new regime depends on available deductions and exemptions. If the assesse has deductions and ...

As each financial year begins, salaried individuals across India face a common dilemma—Should I opt for the old tax regime or ...

WASHINGTON (Reuters) -Republicans are loudly embracing President Donald Trump's populist priorities, though critics say a ...

Home loan benefits are important, but they aren’t the only ones to think about. Other deductions under the old regime, like ...

Under the new tax regime, you can get a 30% standard deduction on rental income, known as Net Annual Value (NAV). This means ...

If you are a job holder and think about tax every year, whether to choose the Old Tax Regime or the New Tax Regime, then this ...

Winnings from lottery, online gaming, online sports betting, etc., are considered casual income for income tax purposes, as ...

While the new regime offers reduced tax slabs, it doesn’t let you claim the usual deductions available under the old regime.

A taxpayer can switch to the old income tax regime while filing the Income Tax Return (ITR), subject to certain conditions ...

Let’s first take a look at the old tax regime. With PPF, EPF, ELSS, and life-insurance premiums, all rolled in a single section, Section 80C gives you a total of ₹1.5 lakh per year in deductions.

The Delhi High Court has ruled that income tax assessments cannot be reopened after three years, no matter which reassessment rules apply — old or new. The case involved a tax notice sent to the ...