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, ...

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

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

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

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 ...

It is also the last chance for other individual tax-payers who may have missed filing their returns by July 31, or spotted ...

The government may raise the basic income tax exemption limit for senior citizens to Rs 5 lakh, potentially resulting in zero ...