A breakdown of deductions, exemptions, savings under the old and new systems will help you manage your finances ...

The financial year 2024-25 is over and the process of filing Income Tax Returns (ITR) has started. This year, the last date ...

At the time of filing income tax return, taxpayers are supposed to be aware of different provisons which apply to the new tax ...

The old tax regime offers more deductions and exemptions compared to the new tax regime, making it a preferred choice for individuals who can take advantage of these benefits. Additionally, the Budget ...

If substantial past losses relate to now-disallowed deductions, switching to the new regime may forfeit their set-off. In ...

It is essential to inform your employer of your preferred tax regime on time to ensure that less tax is deducted from your ...

The new tax regime also offers a higher standard deduction. Last year, it was raised from Rs 50,000 to Rs 75,000 for salaried ...

The new tax regime is now the default option. If you wish to continue with the old tax regime, you must inform your employer.