You should opt for the old tax regime if you want to claim deductions and exemptions for house rent allowance.

Notably, taxpayers can claim exemption for HRA along with the interest on home loan under the old tax regime in the same year ...

The bills passed by the Iowa House create new sales tax exemptions, expand the child care tax credit and create a radon ...

Under the old tax regime, individuals and businesses could claim a variety of exemptions and deductions—such as house rent ...

The DWP has announced new plans to continue the take-up of Pension Credit, a means-tested benefit that can help pensioners on ...

ISLAMABAD: The World Bank has recommended that highest-income groups be taxed at higher effective rates while income tax ...

The BR, D0, and D1 codes indicate that all income is taxed at basic, higher, or additional rates, respectively. The K code ...

Award-winning economist Dawie Roodt said wealthy South Africans have two main requests – taking their money out of the ...

The extra income produced from a side hustle can be a great way to get back on good financial footing, especially if you’ve ...

Moving abroad is a major life decision, and it’s essential to be prepared for the tax implications. By understanding your tax obligations and seeking professional guidance, you can be better prepared ...

Since deadlines to submit salaried returns are now approaching, we will talk about Section 115BAC of the Income Tax Act, 1961. I’ve observed that some deductions are allowed under the new regime. For ...

The time to file your income tax return (ITR) for the financial year 2024-25 is almost here. The Income Tax Department is ...