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

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

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

Old tax regime, however, still offers taxpayers a range of options to save taxes through various eligible deductions and ...

Our panel of experts answers questions related to any aspect of personal finance. If you have a query, mail it to us right ...

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

The new tax regime is now the default option. If you wish to continue with the old tax regime, you must inform your employer.

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

Under current rules, salaried taxpayers must inform their employers of their choice between the old and new tax regimes at ...

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 ...

Let's say you had earlier chosen the old tax regime, but now the new regime appears more beneficial after reviewing your ...

If the old regime is better for you, and you have invested heavily under Section 80C, but don’t inform your employer, more tax might be deducted from your salary during the year.