Starting from 2024, the default tax-filing regime will be the New Tax Regime, which features a simplified process but limited ...

Although the typical deductions for investment in the tax-saving instruments such as PPF, ELSS, KVP and NSC, have been phased ...

India's Budget 2025 may potentially abolish the old tax regime. The new tax regime, default since 2020-21, offers simplified, ...

This means if you want to avail any of these exemptions, you must opt specifically for the old tax regime. Here, we list some ...

Also, the return-filing process needs to be simplified for NRIs, who are facing several challenges as tax refunds are not ...

The new regulations, approved in July last year and put into the gazette in October, took effect yesterday. The revised regulations, titled: “Deduction ... withholding tax regime “had evolved ...

Individual tax-payers, especially senior citizens, are hoping for increased tax deductions under Sections 80TTA and 80TTB in ...

Submitting tax-saving proofs on time not only reduces TDS but also streamlines your tax compliance. While the new tax regime ...

For Union Budget 2025, representatives from India's industry bodies and economists are advocating for a decrease in personal ...

What, however, is not known to many people is that some deductions and exemptions are still allowed in the new tax regime. Although the typical deductions for investment in the tax-saving ...