As the Finance Minister readies Budget 2026, salaried taxpayers remain split on whether lower rates can truly replace ...

Many investors rush to buy tax-saving products under the old tax regime without checking whether those investments match their long-term goals. With the new tax regime offering lower rates but fewer ...

Meaningful gains under the old regime hinge largely on HRA -- and not everyone may qualify. Nearly 75% taxpayers chose the ...

Even under the new tax regime, employer contributions to NPS remain deductible under Section 80CCD(2). This reduces taxable income and helps build long-term retirement ...

New draft rules for the Income Tax Act, 2025, are sparking a debate between old and new tax regimes. Salaried taxpayers may ...

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.

Under the new tax regime, Section 87A of the Income Tax Act, 1961 provides a tax rebate of up to Rs 60,000. Because of this rebate, individuals earning up to Rs 12 lakh in a financial year may not ...

The new tax regime offers fewer deductions than the old tax system, but it has lower tax slabs, which directly reduces the tax burden. Under this regime, in FY 2025-26, you can avail a standard ...

The article analyses whether lower tax rates under Section 115BAC outweigh the loss of deductions, examining legal validity and financial impact on middle-class ...

The draft Income-tax Rules, 2026 clarify that Leave Travel Concession (LTC) exemption will continue largely unchanged under ...

By proposing higher exemption limits across several key allowances, such as house rent allowance (HRA), children’s education ...