Under current rules, salaried taxpayers must inform their employers of their choice between the old and new tax regimes at ...

Due to an error in Budget 2025, a salaried employee may not be able to avail of the standard deduction of Rs 75,000 from ...

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

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

Among several benefits, one of the main advantages of choosing the old tax regime is that it enables you to claim exemption ...

Let's say you had earlier chosen the old tax regime, but now the new regime appears more beneficial after reviewing your ...

Under the old tax regime, taxpayers can claim various deductions and exemptions, while the new tax regime does not offer much ...

Old tax regime, however, still offers taxpayers a range of options to save taxes through various eligible deductions and ...

The Income Tax Department is expected to soon release the online ITR forms, which will officially open the e-filing process.

So, if your employer deducted taxes based on the old tax regime, you can still shift to the new regime when filing your ...

You can switch between the old and new tax regimes only if you file your ITR on or before the due date. If you miss the ...

Since deadlines to submit salaried returns are now approaching, we will talk about Section 115BAC of the Income Tax Act, 1961. I’ve observed that some deductions are allowed under the new regime. For ...