You should opt for the old tax regime if you want to claim deductions and exemptions for house rent allowance.

FY26 has brought with it several tax changes – the biggest one of them being the huge sweetener in the new income tax regime. This, along with major capital gains tax changes announced in July 2024 ...

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

Higher Income Brackets: For people with annual incomes above Rs 24 lakh, both regimes apply the same top tax rate of 30%. But ...

The old tax regime offers more deductions and exemptions compared to the new tax regime, making it a preferred choice for individuals who can take advantage of these benefits. Additionally, the Budget ...

The new tax regime is now the default option. If you wish to continue with the old tax regime, you must inform your employer.

Companies anticipate increased demand due to income tax relief starting in April. This could boost consumption, especially in ...

Home buying is encouraged by the Indian government with tax relief under certain provisions of the Income Tax Act, 1961, ...

Mumbai: With the start of the new financial year 2025-26, salaried individuals are once again facing the common dilemma — which tax regime to choose: old or new? Employers are asking for ...

Under the old tax regime, individuals and businesses could claim a variety of exemptions and deductions—such as house rent ...

The new tax regime also offers a higher standard deduction. Last year, it was raised from Rs 50,000 to Rs 75,000 for salaried ...