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

With the ITR filing season for FY 2024–25 officially underway, taxpayers are once again faced with the crucial decision of ...

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

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

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 ...

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

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

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.

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.

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 ...