Technically there is no tax if taxable income up to 12 lakh (except special rate income), as you get rebate equivalent to tax ...

Unsure whether to opt for the new or old tax regime while filing your ITR? Your decision should be based on factors like ...

Do you follow the new tax regime or the old tax regime? Will you switch to the proposed new tax regime once it is implemented ...

The Old Tax Regime requires tax planning, as taxpayers must invest in specific financial products to claim deductions. In contrast, the New Tax Regime is simpler, as it does not require tracking ...

People often ask how much tax will have to be paid on a salary of ₹1 crore to ₹10 crore under the New vs Old Income Tax ...

A Mumbai resident plans to buy a flat in Bhubaneshwar for investment, seeking tax benefits on a home loan. Deductions under ...

The new tax regime in India offers higher take-home salaries and lower average tax rates compared to the old regime for ...

Choose the Old Regime if you have significant tax-saving investments (PPF, EPF, LIC, etc.) and claim deductions like HRA, 80C, and 80D. Choose the New Regime if you do not have many deductions and ...

Home loan buyers can avail huge tax benefits on the principal and interest they paid on their loan. The cumulative interest ...

It's best not to pick 80C instruments in a hurry to claim tax breaks — ascertain whether they can add value to your long-term ...

Come April 1, 2025, changes in the income tax slabs will come into effect under the new tax regime. While it is up to ...

For investors who primarily invested in Section 80C instruments to avail tax benefits, the shift to the new tax regime ...