You should opt for the old tax regime if you want to claim deductions and exemptions for house rent allowance.

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

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

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 ...

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

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

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

The new financial year FY26 has kicked off, and taxpayers are meant to file their income tax returns under one of the two regimes. Mint deconstructs the key points to be considered before choosing ...

If the old regime is better for you, and you have invested heavily under Section 80C, but don’t inform your employer, more tax might be deducted from your salary during the year.

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