Between the old and new tax regimes, the old tax regime allows ... or profession can simply tick “opting out of new regime” in the ITR form without filing Form 10-IEA. Self-employed: Taxpayers ...

The income tax rules have changed in recent years. Due to this, not all salaried employees now have to submit investment and ...

If you are a salaried employee, you must inform your employer about the tax regime you want to opt for during the year. If ...

The Income Tax Department has released revised Excel utilities for ITR Forms 2 and 3. Additionally, the department has ...

The decision will depend on the specific deductions that each taxpayer can claim to ensure that their tax liability is lower under the old regime than the new one. One should note that there have ...

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

Income tax slab: In Budget 2024, Finance Minister Sitharaman introduced key changes to the income tax slabs under the new tax regime ... However, the old tax regime remains unchanged.

Initially, the Central Board of Direct Taxes (CBDT) set the original deadline for filing of belated or revised tax returns as ...

A more pronounced slowdown in urban consumption and high food inflation have solidified calls for lowering the burden on ...

People who earn above a specific amount must pay tax on their income and it is called income tax. The government sets the tax ...

At present, small tax-payers with special rate income such as short-term capital gains are unable to claim the rebate under ...

Taxpayers remain unable to claim the Section 87A rebate on STCG income due to outdated ITR processing logic, even after recent updates to filing forms by the Income Tax Department.