This tool allows individuals to compare their tax liability under both the old and new tax regimes by entering their income ...

For salaried Indians, a higher income offers greater opportunities for saving and investing. However, understanding the tax ...

This is the highest rate of tax you pay, and will depend on your total income. If you have savings split into more than one account, you may want to repeat this exercise to calculate the potential ...

What if someone earning above Rs 12.75 lakh annually chooses the old regime and claims the maximum deductions? Will it result in tax savings? This article explores the key deductions available under ...

Finance Minister Nirmala Sitharaman's recent announcement of substantial rebates for middle-income taxpayers under the new tax regime has sparked interest among the middle class on how they can ...

If you file your ITR under New Tax Regime, there will not be any tax payable, as it will be covered under Tax Rebate (u/s ...

The Income Tax Department has introduced an online calculator for taxpayers to compare their potential savings under the newly default New Tax Regime, effective April 2025. The initiative aims to ...

6. Finally, this calculator will show the calculation of tax liability and show tax savings in the new regime.