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

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

The revisions introduced under the new tax regime aim to make the new regime easier, cut down on paperwork, and minimise the ...

Salaried individuals have two options when filing their Income Tax Return (ITR): the old or the new tax regime. Each has its own tax slabs, deductions and exemptions. Selecting the appropriate regime ...

Though the new income tax regime will feature revamped tax slabs from April 1, 2025 onwards, the old regime offers a slew of deductions and exemptions. The new income tax regime will feature the ...

(Pixabay) The exemption related to house rent allowance is provided u/s 10(13A) of the Income Tax Act, 1961, the manner of computation ... the old tax regime. It could also be that the new tax ...