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...
Get answers to FAQs on the new vs. old tax regime for AY 2024-25. Learn about the differences, benefits, and how to choose the best option for you.
Learn about the new and old income tax regimes in India under section 115BAC, including rates, deductions, and implications for taxpayers’ financial planning.
Discover essential precautions when shifting from the new income tax scheme to the old one using Form 10-IEA. Understand the process, deadlines, and legal nuances for a seamless transition.
Explore the changes between old and new tax regimes under Sec 115BAC, impacting deductions, exemptions, and filing options. Make informed decisions for your finances.
Understand Section 115BAC(6) and opting out from the New Tax Regime (NTR). Learn about exercising options, withdrawal, and eligibility criteria.
In light of the CBDT’s introduction of the new and old tax regimes, we are thrilled to present our latest tax calculator designed specifically for salaried individuals. This innovative tool helps you compare your tax liabilities under both regimes, enabling you to determine which option is more beneficial for your financial situation. Key Features: Dual […]
Dive into the differences between the old and new tax regimes for FY 2023-24 (AY 2024-25), exploring tax rates, deductions, exemptions, and how to choose the right regime for your financial situation.
Explore the amendments to Section 115BAC of the Income Tax Act, 1961, and the implications of the new tax regime from AY 2024-25. Understand your options, consequences, and strategies for tax filing.
Understand implications of new tax regime under Section 115BAC for AY 2024-25 versus old one. Learn about reduced tax slabs, exemptions, deductions, and how to make right choice.
Article explains differences between old and new tax regimes, filing income tax returns, and Form 10-IEA, Difference Between Income Tax Rates Under Old and New Tax Regime
