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

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

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

Confused between the old and new tax regimes for FY 2024-25? Understand key differences like tax slabs, deductions and ...

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

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 ...

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 ...

It is essential to inform your employer of your preferred tax regime on time to ensure that less tax is deducted from your ...

You can switch between the old and new tax regimes only if you file your ITR on or before the due date. If you miss the ...

Let's say you had earlier chosen the old tax regime, but now the new regime appears more beneficial after reviewing your ...

If substantial past losses relate to now-disallowed deductions, switching to the new regime may forfeit their set-off. In ...