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 ...

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.

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 ...

Even in the New Tax Regime, where most deductions are removed, some investments and incomes remain completely tax-exempt ...

Under the new tax regime, taxpayers need to pay 0 tax if their income is up to Rs 12 lakh per annum. The government has also ...

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