Under the new tax regime, taxpayers need to pay 0 tax if their income is up to Rs 12 lakh per annum. The government has also ...

As the financial year 2025-26 begins, taxpayers must choose between the two income tax regimes when they file their income ...

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

Under the new tax regime, individuals with annual income up to Rs 7 lakh can avail a rebate under Section 87A, meaning they ...

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

Taxpayers have two different options available to file ITR. These include the Old Tax Regime and the New Tax Regime. Under ...

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

So even with a salary of Rs 18 lakh, if you use the right exemptions and deductions, like standard deduction, home loan ...

The older tax regime offers considerable flexibility for taxpayers by enabling them to leverage available claims of ...

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.