Do you follow the new tax regime or the old tax regime? Will you switch to the proposed new tax regime once it is implemented ...

Key amendments introduced under the new tax regime for FY 2025-26 (AY 2026-27) 2. No Tax upto 12 lakh Enhanced Tax Rebate (Section 87A): The tax rebate under Section 87A has been enhanced and ...

One of the key changes is the increase in TCS on foreign remittances under the Liberalized Remittance Scheme (LRS), which has ...

No more running after proofs, no more figuring out which investment saves the most tax. Just take your total income, slap on the tax rate, and boom—you’re done. No last-minute scrambling, no endless ...

With just a few weeks to go before the end of the tax year on 5 April, what are the financial planning aspects to consider ...

officially making the new tax regime the default. However, taxpayers can still opt for the old tax regime if they choose. With a focus on digital compliance, transparency, and efficient tax ...

The proposed new tax regime will be implemented from April 1, 2025. An income up to Rs 12,75,000 will be tax-free for ...

the new regime typically offers a higher take-home pay. The comparison between the new and old regimes for different salary levels shows variations in tax liability and in-hand income.

With no changes made to the old tax regime in this year’s Budget, taxpayers must carefully evaluate their financial situation to decide whether to stick with it or transition to the new system.

Salaried employees can select their tax regime at the start of each financial year. If no preference is given, employers will deduct tax under the new regime by default.

PIT collection as a share of GDP surged, new tax regime introduced, simplification exercise in new Income Tax Bill.