With Budget 2025 raising break-even limits, tax savings under the old regime seem tougher. But for salaried couples in ...

Will the new tax regime put more money in your pocket, or should you stick with the old regime? Here is all you need to know.

This will increase the burden of compliance on the part of the assessees and simultaneously increase the burden of the Income Tax Department also in monitoring the same. Many firms do not have TAN and ...

Achieving a tax-free rental income of ₹20,00,000 is a goal many property owners aspire to. With the recent changes introduced in the Union Budget 2025, there are strategic avenues to minimize tax ...

In the Budget 2025, Finance Minister Nirmala Sitharaman increased the income tax rebate limit from Rs 7 lakh to Rs 12 lakh in the New Tax Regime. Effectively, individuals earning up to Rs 12 lakh will ...

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

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 ...

The Finance Bill presented by the FM on February 1, 2025, had a bonanza for middle-class taxpayers. However, despite the tax ...

"Assess your EPF ( Employees' Provident Fund) contributions, insurance premiums, and other deductions. Invest in ELSS only if ...

Introduced in the Union Budget 2020, the new tax regime offers significant reductions in tax rates, but limits the ...

Many taxpayers preferred the old tax regime because it allowed them to claim deductions for expenses like house rent, home ...

The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...