The Union Budget 2025, presented in the Parliament Session on February 1, 2025, introduced major reforms in exemptions and deductions under the new tax regime for the Financial Year (FY) 2025-26 and ...

The new tax regime simplifies income tax, but with fewer deductions in play, taxpayers must make the most of the available ...

A revision in section 80D would not only support taxpayers but also strengthen the health insurance industry, making quality ...

According to one expert, the benefits of reduced tax slab rates in the new regime far outweigh the practical hassles of ...

The new Income Tax Bill will replace the current Income Tax Act, once it becomes effective from April 1, 2026. However, many ...

In the case of EPF, employee contributions generally qualify for a deduction under Section 80C of the Income Tax Act, capped ...

T Act, which pertains to the New Tax Regime, is applicable by default unless the taxpayer chooses to opt out under specific ...

It is to be noted that while the new regime provides a lower tax rate for specific tax slabs, the old tax regime has enough room for claiming deductions under Chapter VI-A against various ...

The new Income Tax Bill, tabled today in the Lok Sabha, retains all the deductions and exemptions but under new section ...

The Income Tax Department has introduced an online calculator for taxpayers to compare their potential savings under the ...

There is no change in old tax regime. All the benefits like HRA, Housing Loan, Insurance Premium, etc., are still available.

Here’s a table showing a comparison of old vs new regime with the income level and deductions. If you have deductions more ...