The old tax regime leads to greater tax saving on account of deducations against investments but levies higher tax rates. On the other hand, new tax regime does not allow deductions but levies lower ...

Effective A.Y. 2024-25, the new tax regime is the default. Taxpayers with business or professional income must file Form 10-IEA to opt for the old ...

Wondering what happens if you miss the ITR filing deadline? Did you know you’ll automatically be shifted to the new tax ...

Understand what belated ITR filing is in 2025, including deadlines, late fees under Section 234F, and the loss of tax ...

The Income Tax Act provides taxpayers the choice of making a selection between the old and new regimes, yet the selection ...

The deadline for filing your income tax return (ITR) has been extended once more. The new due date to file an ITR is September 16, 2025. This second deadline extension is a real lifesaver for those ...

Choosing between the old and new tax regimes often raises doubts about their flexibility. Here’s what salaried employees and business income earners need to know before deciding. Moneycontrol’s Ask ...

The government introduced a new tax regime in 2020 with lower slab rates but without standard deductions and exemptions.

Failing to file your income tax return (ITR) on time can lead to late fees and force you into a new tax regime ...