The number of years you’ve lived in Canada since you were 18 years old ... income will be. A financial advisor can help you decide what’s best for you. The federal government notes, “After ...

This calculation of 'breakeven' would help them decide as to under which regime they would pay less tax once they know the maximum amount of deductions they can claim from gross taxable income. If ...

The threshold for the old tax regime to be more advantageous has now been raised significantly. Individuals with an annual income of up to Rs 12 lakh are eligible for a full rebate under Section 87A.

If you're opting for the old tax regime, now is the time to review your taxable income. Many taxpayers wait until July to assess taxes while filing ITR—by then, it’s too late to reduce liability. Use ...

Indian taxpayers have the option to switch between the new and old income tax regimes annually, following the changes introduced from the financial year 2023-24. The new tax regime is now the ...

Importantly, after switching back to the old tax regime, they cannot return to the new one, making careful financial planning essential. According to the Income Tax Department: "An individual with ...

From April 1, sweeping changes in India’s income tax regime will come into effect, offering significant relief to nearly 1 crore taxpayers. Union Finance Minister Nirmala Sitharaman’s Budget 2025 ...

As the new financial year begins, individual taxpayers must take note of several important amendments in the Income Tax Act that come into force from 1st April 2025. These changes are primarily aimed ...

N. Chopra & Co said compared to previous years, opting for new tax regime in FY 2025-26 will result in greater financial savings for salaried individuals who are eligible for minimal deductions or ...

That will give you a clear brief on options to opt for filing your income tax return ... u/s 87A is applicable for old taxes. The rebate of Rs. 25,000 u/s 87A is for tax slabs of new regimes.

By most estimates, he was 100 years old when he died of natural causes ... the unassuming landmark has overlooked the thoroughfare for more than 70 years. Its red neon glow reflects off the ...