With new perquisite rules and higher rebates reshaping tax calculations, choosing between the old and new tax regime is no…
With the financial year ending soon, taxpayers still have a small window to reduce their tax burden. Here are five…
Many investors rush to buy tax-saving products under the old tax regime without checking whether those investments match their long-term…
The draft income tax rules, which have been floated for comments from different stakeholders including the public, explain how the…
Leave encashment received on retirement is not taxable if it is a central/ state government or local authority employee.
With Budget 2026 weeks away, speculation is growing over whether the government will scrap the old tax regime. As over…
New tax regime (from FY 2025-26): Those with taxable income of Rs 12.75 lakh or less can get a tax…
India Inc’s confidence in GST has grown significantly over the past eight years, driven by simplified compliance and digitisation, said…
In this article, we will dive deep into both tax regimes – Old Tax Regime and New Tax Regime. The…
If you do not choose the tax regime thoughtfully and state it in the investment declaration to the employer, higher…
Under the new tax regime, individuals with annual income up to Rs 7 lakh can avail a rebate under Section…
Section 115BAC of the Income Tax Act lays down the tax slabs and rules applicable under the new tax regime.
A taxpayer can claim a deduction under Section 24(b) for interest paid on a home loan for a rented property,…
Income Tax: The changes in slabs and tax rates may sound relieving, but these new provisions will not be applicable…
It is important to highlight that Section 115BAC of the I-T Act, which pertains to the New Tax Regime, is…
This tool allows individuals to compare their tax liability under both the old and new tax regimes by entering their…
Tax experts suggest that individuals can achieve zero tax liability on an income of Rs 14.77 lakh through strategic planning.…