Now less than a month is left for the presentation of the General Budget 2025-26. In this budget, the government can offer ...

The government may not tinker with rates under the old tax regime despite requests to increase the threshold for the highest tax slab to Rs 20 lakh. This is to ensure that more people are ...

It is vital to note that you can still file your income tax return (ITR) under the old tax regime and claim these deductions as a tax refund. However, you will need to opt out of the new tax regime.

Individual taxpayers are currently facing confusion regarding the choice between the old and new tax regimes, which were introduced in the Union Budget 2023. While the new regime offers lower slab ...