India's income tax system is about to enter a new era. The government is preparing to implement the Income Tax Act, 2025, from April 1, 2026. This will replace the nearly six-decade-old Income Tax Act ...
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New income tax rules from April 1, 2026: Major relief in PAN, ITR and personal finance norms
As the new financial year approaches, taxpayers in India can expect a series of important changes in personal finance and compliance rules. From April 1, 2026, the Income Tax Act, 2025 will come into ...
The old tax regime refers to the income tax calculation and slabs that existed before the introduction of the new tax regime in 2020. Old tax regime has higher tax rates, but taxpayers get exemptions.
Meaningful gains under the old regime hinge largely on HRA -- and not everyone may qualify. Nearly 75% taxpayers chose the ...
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