The Income Tax Act requires you to pay advance tax rather than waiting until you file your return if your total tax due for the year exceeds Rs 10,000.

As health insurance premiums continue to increase, individuals with policies should consider utilising tax deductions provided by Section 80D of the Income Tax Act. This particular provision ...

The Investment Declaration form needs to be submitted at the start of the financial year so that the Tax Deduction at Source ...

The older tax regime offers considerable flexibility for taxpayers by enabling them to leverage available claims of exemptions and deductions fully.

Confused between the old and new tax regimes for FY 2024-25? Understand key differences like tax slabs, deductions and ...

The new tax regime will have new income tax slabs from FY 2025-26. Many salaried employees hesitated to switch to the new tax ...

Indian taxpayers have the option to switch between the new and old income tax regimes annually, following the changes introduced from the financial year 2023-24. The new tax regime is now the default ...

Though the new income tax regime will feature revamped tax slabs from April 1, 2025 onwards, the old regime offers a slew of deductions and exemptions.

Both the old and new tax regimes have advantages and disadvantages, but the New Personal Tax Regime is the best option for taxpayers making up to Rs. 12 lakhs per year since it provides a full refund ...