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 ...

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

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

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

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.

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

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

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

The new tax regime provides lower tax rates and fewer deductions, eliminating the need for investment in tax-saving schemes ...

Let's say you had earlier chosen the old tax regime, but now the new regime appears more beneficial after reviewing your finances. Can you change it when filing your ITR? Let's find out here. Listen ...