One should be aware that taxpayers are not eligible to claim tax deductions for investments made under Section 80C in the New ...

Salaried individuals have two options when filing their Income Tax Return (ITR): the old or the new tax regime. Each has its ...

The old tax regime offers over 70 deductions and exemptions, including HRA, LTA, Section 80C, 80D, home loan interest, and ...

The Union Budget FY26 introduced significant tax benefits for the middle class. Finance Minister Nirmala Sitharaman announced ...

While the old tax regime promotes savings through tax benefits, the new one is simpler, involves less paperwork and reduces ...

Choose the Old Regime if you have significant tax-saving investments (PPF, EPF, LIC, etc.) and claim deductions like HRA, 80C, and 80D. Choose the New Regime if you do not have many deductions and ...

Salaried taxpayers having non-business income will have the option to choose between the new and old tax regimes every year ...

As per Vasudeva, in the old tax regime, premiums paid on health insurance policies qualify for deductions under Section 80D.

and Google had to say The new tax regime offers limited deductions, but has a standard deduction from salary income and Deduction under Section 80CCD (2) for the employer's contribution to NPS.

Come April 1, 2025, changes in the income tax slabs will come into effect under the new tax regime. While it is up to ...

Unsure whether to opt for the new or old tax regime while filing your ITR? Your decision should be based on factors like ...

A Mumbai resident plans to buy a flat in Bhubaneshwar for investment, seeking tax benefits on a home loan. Deductions under ...