With the income tax return (ITR) filing season underway, taxpayers need to decide whether to stay with the default new tax regime or opt for the old tax regime. For FY 2025-26 (Assessment Year 2026-27 ...

Despite a proposed increase in the tax-free income threshold, many taxpayers, especially salaried individuals, are likely to ...

For Tax Year 2026-27 onwards, an HUF will ordinarily be taxed under the New Tax Regime under Section 202 of the Income-tax Act, 2025, unless it validly opts for the old regime. However, the New Tax ...

The Income Tax Calculator is an easy-to-use online tool that helps you calculate your tax liabilities based on your income details. This tax calculator allows you to compare tax liability for FY ...

According to PTI, the chapter contains a table of tax slabs under the new income tax regime and goes on to detail steps to calculate the tax liability as per the listed slabs. There is no mention of ...

How should taxpayers determine whether they fall into the “new regime wins” category or the “old regime wins” category? For FY 2025-26 (AY 2026-27), the simplest way to classify taxpayers is based on ...

Income Tax Slabs LIVE updates: Finance Minister Nirmala Sitharaman on Tuesday increased the standard deduction for salaried individuals and pensioners from Rs 50,000 to Rs 75,000. This move is ...

Get More information on New Tax Regime including breaking news and opinion. Check News articles, photos, videos of New Tax ...

Council's social science textbook covers budgeting, saving, investing and risk management, linking money choices with long-term financial stability ...

NCERT has introduced income-tax calculations under the new tax regime into the Class 9 curriculum for the first time. Its personal-finance chapter covers tax slabs, budgeting, saving, investing, ...