Since its introduction, the slabs have been tweaked two times, and are likely to be tweaked again on February 1.

No official plans exist to abolish the old tax regime, but discussions continue. While the new tax structure offers lower ...

Among these zero-tax return filers, a majority may have switched to the New Tax Regime. This indicates that the majority of ...

As is the case every year, the expectations from Budget 2025 are very high. Taxpayers are facing an inflation rate that is ...

To save taxes under the old income tax regime, individuals can invest up to ₹1.5 lakh in specified instruments under Section ...

Calculating your taxable income is a crucial part of the tax filing process-it gives you knowledge of the various exemptions ...

Chevron Corp. filed tax returns worth about $300 million with the Venezuelan government last year, raising questions about ...

Some popular choices include life insurance premiums, Employee Provident Fund (EPF) contributions, Public Provident Fund (PPF ...

With the Union Budget 2025 on the horizon, taxpayers under the Old Tax Regime are eagerly anticipating long-overdue relief.

Will merging the old and new tax regimes offer the best of both worlds for taxpayers? Experts weigh in on whether a unified system could simplify compliance or introduce new challenges.

Currently, as per Section 24 of the Income-tax Act, 1961 (referred to as ‘the IT Act’), individuals can claim a deduction of ...

Financial experts have proposed further restructuring of the tax slabs to provide relief to taxpayers and simplify the system ...