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 ...

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

Also, the return-filing process needs to be simplified for NRIs, who are facing several challenges as tax refunds are not ...

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

Under what circumstances can the new tax regime benefit you ... a good idea to also compare your income under both the regimes using IT department's tax calculator. Only then, take a final ...

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

An exemption of ₹1.25 lakh for long-term capital gains (LTCG) under Section 112A is available in both the old and new tax ...