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The Union Budget 2025 has introduced some major changes to India’s income tax structure. If you’re a salaried employee or ...
Let's say you had earlier chosen the old tax regime, but now the new regime appears more beneficial after reviewing your ...
However, there’s a crucial caveat. This flexibility to change regimes is only available if the ITR is filed on or before the ...
Salaried individuals can switch between old and new tax regimes every year, while business owners have limited flexibility.
As the financial year 2025-26 begins, taxpayers must choose between the two income tax regimes when they file their income ...
The new 2025-26 income tax regime, offering up to ₹12 lakh of tax-free income per year, presents opportunities for growth.
Old vs new tax regime: As the financial year has ended, taxpayers will now begin gathering their documents to file their income tax returns (ITR) before the deadline of July 31, 2025. Just like ...
Small businesses and professionals with turnovers up to ₹2 crore and ₹24 lakh see an opportunity to pay zero tax through the ...
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 ...
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 ...
KHYBER: Members of the struggling industrial sector in Khyber Pakhtunkhwa’s merged tribal districts have sharply reacted to ...
The start of the financial year means informing your employer about the preferred tax regime. Many individuals are confused about whether HRA can help them save tax in the new tax regime, whether HRA ...