Under the old tax regime, individuals and businesses could claim a variety of exemptions and deductions—such as house rent ...

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

Our panel of experts answers questions related to any aspect of personal finance. If you have a query, mail it to us right ...

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

Notably, taxpayers can claim exemption for HRA along with the interest on home loan under the old tax regime in the same year ...

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