Here’s a step-by-step guide to help you understand and calculate your income tax under both the old and the new regime.

Finance Minister Nirmala Sitharaman’s Budget 2024 modified income tax slabs, favouring the new tax regime. The old regime, ...

The countdown for the union budget has officially begun as we enter the new year. As Finance Minister Nirmala Sitaraman will ...

India's Budget 2025 may potentially abolish the old tax regime. The new tax regime, default since 2020-21, offers simplified, ...

In both tax systems, Section 112A provides a tax exemption for Long Term Capital Gains (LTCG) of up to Rs 1.25 lakh on ...

Will merging the old and new tax regimes offer the best of both worlds for taxpayers? Experts weigh in on whether a unified ...

Bombay High Court had given an interim relief by ordering the tax department to extend the revised and belated ITR filing ...

The income tax rules have changed in recent years. Due to this, not all salaried employees now have to submit investment and ...

Salaried employees opting for the old tax regime for FY 2024-25 must submit investment proofs to claim exemptions and ...

The year 2024 has brought in significant changes to India's personal income tax structure, with multiple reforms announced in ...

In the Union Budget 2024, the capital gains tax regime for short ... taxpayer's applicable Income Tax slab rate. LTCG will now be taxed at a flat rate of 12.5%. The new provisions for taxation ...