Income Tax : The issue is whether high-income earners can reduce tax liability under the old regime. The analysis shows that structured allowan...
Income Tax : Key mistakes taxpayers should avoid when choosing between old and new tax regimes for FY 2026-27, including deductions, deadlines,...
Income Tax : The Income-tax Act 2025 introduces the new tax regime as the default taxation method for individuals and certain entities. Taxpaye...
Income Tax : The article analyses whether lower tax rates under Section 115BAC outweigh the loss of deductions, examining legal validity and fi...
Income Tax : Learn how Section 87A rebate works with LTCG u/s 112A under the new tax regime for FY 2025–26. Eligibility, limits, and tax calc...
Income Tax : The Government confirms a higher rebate under the new tax regime, ensuring no tax up to ₹12 lakh and outlining revised slabs eff...
Income Tax : Union Budget 2025-26 introduces tax relief with no income tax up to Rs. 12 lakh, benefiting middle-class taxpayers and boosting co...
Income Tax : The Tribunal held that a one-day delay in filing Form 10IE for an earlier year cannot defeat the assessee’s right to be taxed un...
Income Tax : Read the full text of the ITAT Pune order in Akshay Devendra Birari Vs DCIT regarding the allowance of benefits under the new inco...
Learn how students and first-job earners can choose the right tax regime to maximize in-hand salary and build long-term savings.
Explains the key differences in slabs, deductions, and rebates, highlighting when each regime reduces tax liability.
This title highlights that the correct tax regime depends on your real deductions, not assumptions. The comparison shows how your financial profile—not salary—determines which option saves more tax.
Two CIT(A) rulings confirm the Section 87A tax rebate applies to total income up to Rs.7 lakh, even with Short-Term Capital Gains (STCG) u/s 111A, for taxpayers under the new 115BAC(1A) regime.
Missing the ITR due date u/s 139(1) mandates the use of the new tax regime, as the option to choose the old regime or file Form 10−IEA is lost.
Compare deductions under India’s old and new tax regimes. Learn which tax-saving options, including Standard Deduction and Gratuity, are available in each.
Effective A.Y. 2024-25, the new tax regime is the default. Taxpayers with business or professional income must file Form 10-IEA to opt for the old regime.
Learn about India’s optional tax regime under Section 115BAC, which offers lower tax rates in exchange for giving up various exemptions and deductions.
Understand the key deductions for AY 2025-26 under the new tax regime, including standard deduction, NPS, and the ₹7 lakh tax rebate.
Understand the 2025-26 salary tax implications in India. Compare old vs. new tax regimes, tax slabs, deductions (80C, 80D, HRA), and choose the best option for your income.
