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 ...

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 ...

Understanding which relief option aligns with your situation is crucial for resolving your tax issues effectively.

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

“Failure of the NBA to immediately refund the N300 million to the Rivers State Government will compel the implementation of ...

Advocates say the influx of Big Tech spending proved to voters that social housing was in their own best interest: “Frankly, ...

Under the old tax regime, taxpayers can claim various deductions and exemptions, while the new tax regime does not offer much deductions. Listen to Story For taxpayers not requiring an audit, the ITR ...

whether to opt for the old tax regime or the new one. With the Income Tax Department opening its e-filing portal and employers set to issue Form 16 by June 15, understanding the nuances of both ...

Here’s a guide to help you make an informed decision about which tax regime to choose. The standard deduction under the old tax regime is ₹50,000, while under the new tax regime, it has been ...

US income taxes are due today ... CNET editors independently choose every product and service we cover. Though we can’t review every available financial company or offer, we strive to make ...

How To Choose Between Old And New Tax Regimes? When deciding between the two tax regimes, it is important to take into account the tax exemptions and deductions available under the old tax regime.

This is the time of year when taxpayers must choose between the old and new tax regimes ... taxable income from ₹13.25 lakh to ₹5 lakh—and then, zero. The older tax regime offers considerable ...