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Income tax return

02 Aug 2024

ITR Filing 2024: How Many ITRs Were Filed Under New Tax Regime? Check

The deadline to file ITRs for AY 2024-25 was 31 July 2024.

02 Aug 2024

Choosing Between Old And New Income Tax Regimes? 5 Things To Consider

Here are 5 things to consider if you are stuck between the dilemma of chosing between new and old tax regime.

24 Jul 2024

New Incentives For Taxpayers For Filing ITR Under New Tax Regime After Budget

The budget has also tweaked tax slabs and tax rates in favor of taxpayers and pensioners who opt for the new tax regime.

24 Jul 2024

Rebate Under Section 87A Decreases By Rs 5K: Understanding The Math

After the revised tax structure under the New Tax Regime, the refund received has been decreased by Rs 5,000 due to latest proposed tax slabs. Continue reading to find out how the change in tax slab has affected your rebate.

24 Jul 2024

Has The Budget Failed To Address Concerns Of Middle-Class? Explained

Budget 2024: There has been no revision in the tax rate in the old tax regime, section 80C benefits have remained at the same level for the last 10 years and people know that the new tax regime is like an eyewash.

23 Jul 2024

Budget 2024 Highlights On Income Tax: Revised Tax Slab In New Tax Regime

Income tax slab for AY 2024-25 for salaried person : As per FM's announcement, following will be the new tax slab in the New Tax Regime

04 Jul 2024

Missing July 31 ITR Deadline Will Automatically Shift You To New Tax Regime

ITR Filing 2024: Missing the deadline has more than just a 'penalty' consequence, it might actually shift your tax-regime preferances. Check details.

01 Apr 2024

New Change To Income Tax Rules, Slabs From 01 April 2024? FinMin Says THIS

In an explanatory tweet, finance ministry has said that some misleading information related to new tax regime is being spread on some social media platforms.

new tax regime 2024

30 Mar 2024

New Tax Rules From April 1: Did You Know About Basic Exemption Limit? Check

April 1, 2024, marks the beginning of a new financial year. Income of Rs 15 lakh and above will be taxed at 30 percent. From April 1, 2024there will be a default adoption of the new tax regime.

23 Mar 2024

New Tax Regime: Consider These Deductions For Optimal Savings

Despite fewer deductions, certain allowances and exemptions remain available under the new tax regime. These are mentioned below.

Interim Budget 2024

25 Jan 2024

Allow Deductions Under New Tax Regime To Increase Acceptance In Salaried Class

Most Indian taxpayers have the habit of initially investing their savings in investment avenues that provide tax deductions under Section 80C .

14 Jul 2023

FM Nirmala's BIG Announcement: 'No I-Tax For Those Earning Up To THIS Much '

FM in a tweet said, ''Under the new regime, there is no income tax to be paid for annual income up to Rs 7 lakh, which effectively increases to Rs 7.27 lakh with marginal relief provisions.''

20 Apr 2023

Choosing The New Tax Regime? You Can't Claim Tax Rebate for THESE 7 Deductions

New Tax Regime Vs Old Tax Regime: Two people with the same salary might have different quantum of deductions, and hence their choice of tax regime could be different.

01 Apr 2023

Union Budget 2023: Know What New Tax Rules Are Applicable From Today

From April 1, the new tax rule will be applicable from today. Along with this, many new rules related to Income Tax (Income Tax Rule Changes) will also be implemented.

03 Feb 2023

Centre Expects 'Fabulous' Response to Revamped I-T Regime: CBDT

The new tax regime will be more beneficial for a person who does not have enough investments to claim I-T deductions. Under the revamped new tax regime, no tax would be levied for income up to Rs 3 lakh. It also allowed taxpayers to claim standard deduction of Rs 50,000.

13 Apr 2020

Employees should inform employers about intention to opt new tax regime: CBDT

CBDT said an employee intending to opt for concessional rates of income tax as provided in the Budget 2020 may intimate the deductor or his employer of such intention.

long-term capital gains

06 Feb 2018

LTCG to be taxed at 10%: What choice do investors have now?

Is investment in stock markets still a better idea over investment in real estate and gold?

22 Jul 2017

Adopt GST and become part of history: Irani to biz community

Taking a dig at opposition Congress, Irani said those who are criticising GST are the same people who gained when this tax system was not in place. They are now trying to create fear against the new tax regime among traders.

18 Jul 2017

Flipkart to foray into grocery segment; launches pilot project

Replying to a query, he said the recently introduced Goods and Services Tax (GST) has not impacted sales and almost all of Flipkart vendors migrated to the new tax regime from July 1

Union minister Bandaru Dattatreya

01 Jul 2017

'GST roll-out will create one lakh jobs in next three months'

With abolition of border check-posts, GST will ensure that inter-state movement of goods is not delayed.

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