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 ...

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

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

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 ...

The new 2025-26 income tax regime, offering up to ₹12 lakh of tax-free income per year, presents opportunities for growth.

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

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

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 ...

A basic understanding of income tax slabs and how they change with every Union Budget can help you plan your finances better.