The new tax regime simplifies income tax, but with fewer deductions in play, taxpayers must make the most of the available ...

Introduced in 2020, the new tax regime became a default regime in 2023. To be able to file tax return under the old tax ...

The Income Tax Department has introduced an online calculator for taxpayers to compare their potential savings under the ...

This tool allows individuals to compare their tax liability under both the old and new tax regimes by entering their income ...

The new tax regime allows a salaried individual to claim a standard deduction of Rs 75,000 from the salary income. There is ...

Despite the removal of many benefits, certain allowances remain exempt under the new tax regime, providing some relief to ...

In Budget 2025, the government opted not to modify the existing tax regime or introduce any new deductions. Finance Minister ...

Finance Minister Nirmala Sitharaman may not scrap the old tax regime, but tax sops, if any, are likely to be announced only ...

The new tax regime – the default – offers a basic exemption limit of Rs 3 lakh for all individuals, regardless of age. This ...

The Union Budget 2025 introduces significant changes to India's income tax structure, offering substantial relief to salaried ...

What if someone earning above Rs 12.75 lakh annually chooses the old regime and claims the maximum deductions? Will it result in tax savings? This article explores the key deductions available under ...

Standard deduction is a flat deduction available on the salary income that helps reduce the taxable income of a t ...