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...
The new tax regime simplifies taxes with lower rates but fewer deductions. Learn which key deductions, like standard deduction and gratuity, are still available in both the new and old tax regimes.
India’s Equalisation Levy is phased out and replaced by the Significant Economic Presence (SEP) regime. This shifts the tax from a gross revenue basis to a net income basis.
Understand the old and new income tax regimes for salaried individuals in India for FY 2024-25. Compare tax slabs, deductions, and which option is best for you.
A guide to available income tax deductions for AY 2025-26 under various default tax regimes (115BAA, 115BAB, 115BAC, 115BAD, 115BAE) for different taxpayer types.
Compare the new default tax regime (Section 115BAC) and the old regime. Understand the differences in tax rates, surcharge, and a comprehensive list of allowed vs. disallowed deductions.
Compare tax rates for domestic and foreign companies under India’s new and old tax regimes. Learn about Sections 115BAA and 115BAB for manufacturing and non-manufacturing firms.
Understand the tax rates for cooperative societies under India’s old and new tax regimes. Learn about Sections 115BAD and 115BAE, deductions, and eligibility criteria.
The new tax regime, introduced to simplify taxation with lower rates, comes with a trade-off: fewer deductions. However, for FY 2025-26, there are some significant updates that make it even more appealing for many taxpayers.
Budget 2025 updates tax slabs under section 115BAC, offering zero tax up to ₹12 lakh income with rebate and marginal relief. Old regime remains unchanged.
This article offers a timely and easy-to-understand comparison between the old and new tax regimes, updated for the latest provisions under Section 115BAC for FY 2024–25. It also includes break-even illustrations, deduction analysis, and practical guidance for salaried individuals, professionals, and business owners—making it highly relevant for your audience during the current ITR filing season.
