Both the old and new tax regimes have advantages and disadvantages, but the New Personal Tax Regime is the best option for taxpayers making up to Rs. 12 lakhs per year since it provides a full refund ...

The Union Budget 2025 has introduced some major changes to India’s income tax structure. If you’re a salaried employee or ...

The income tax calculator helps you calculate tax under both the old and new tax regime for all categories of taxpayers ...

April is the month when employees have to submit the details of their intended tax-saving investments during the year to ...

There is a marginal relief of up to Rs 22,222 under the new regime until the net taxable income reaches Rs 7,22,222. Marginal relief ensures that the excess tax liability is limited to the excess ...

On ET Now, experts compare the old and new tax regimes, highlighting the benefits of the new system. The new tax regime offers lower tax rates but eliminates most deductions and exemptions. While it ...

As the new assessment year 2025-26 gets underway, people across the country especially salaried taxpayers are preparing to ...

Salaried individuals can switch between old and new tax regimes every year, while business owners have limited flexibility.

Not all tax-saving allowances are created equal. Some more than others can provide substantial tax benefits, significantly ...

As per a government notification issued back in 2011, interest from post office savings accounts is exempt under Section 10(15) of the Income Tax Act.

A basic understanding of income tax slabs and how they change with every Union Budget can help you plan your finances better.