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For business and professional taxpayers, switching tax regimes is more restricted. Once they opt for the new tax regime, they ...

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 ...

Last three weeks are remaining before the taxpayers can invest to claim income tax deduction such as PPF, SSY, SCSS, NSC, KVP ...

The personal income tax (PIT) collection over the last ten years shows a steady increase, rising from ₹2.65 lakh crores in FY 2014-15 to ₹10.45 lakh crores in FY 2023-24, with its percentage to GDP ...

If you pay health insurance premiums for your parents, you can claim an additional tax deduction of Rs 25,000 if they are ...

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. New vs old ...

We often hear about businesspeople or movie stars paying advance taxes amounting to crores of rupees. The deadline for paying ...