Salaried individuals have two options when filing their Income Tax Return (ITR): the old or the new tax regime. Each has its ...

Though the new income tax regime will feature revamped tax slabs from April 1, 2025 onwards, the old regime offers a slew of ...

Key amendments introduced under the new tax regime for FY 2025-26 (AY 2026-27) 2. No Tax upto 12 lakh Enhanced Tax Rebate (Section 87A): The tax rebate under Section 87A has been enhanced and ...

In Budget 2025, the threshold for lower tax rates has been increased to Rs 4 lakh (previously Rs 3 lakh), allowing ...

Finance Minister Nirmala Sitharaman introduced a Budget that is favourable to the middle class, introducing a range of tax ...

THE PRIMARY INTENTION of the new Income Tax Bill, introduced by Finance Minister Nirmala Sitharaman in February, is to ...

The Union Budget FY26 introduced significant tax benefits for the middle class. Finance Minister Nirmala Sitharaman announced ...

Do you follow the new tax regime or the old tax regime? Will you switch to the proposed new tax regime once it is implemented ...

While the old tax regime promotes savings through tax benefits, the new one is simpler, involves less paperwork and reduces ...

Taxpayers should consider a few key factors before making a choice. The old regime allows deductionswhereas the new regime ...

Though the new income tax regime will feature revamped tax slabs from April 1, 2025 onwards, the old regime offers a slew of deductions and exemptions. The new income tax regime will feature the ...