Best of both worlds: How couples can plan taxes to make the most of old and new regimes
With Budget 2025 raising break-even limits, tax savings under the old regime seem tougher. But for salaried couples in ...
New income tax slabs for FY 2025-26: 30% tax now starts at Rs 24 lakh, income up to Rs 20 lakh to be taxed at 20% in Budget 2025
The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...
Tax Guru10d
Form 10-IE Filed, But Old Regime Return filed: ITAT Pune Rejects New Tax Regime Enforcement
JCIT (A) upheld the CPC’s action, stating that under section 115BAC, once the option for the new regime is exercised, it cannot be withdrawn for the current year, only for subsequent years. However, ...
How to switch to the Old Tax Regime if your company opted for the New Tax Regime; check details
Switching between the Old Regime and the New Regime is possible for individuals, allowing their annual tax regime to ...
After Budget 2025, should you opt for old or the new tax regime?
A comparison of the two regimes would clearly indicate that the intention of the Government is to streamline the process and ...
There is no plan to phase out old tax regime: CBDT Chairman Ravi Agrawal
Agrawal discussed a range of topics, including framing of tax proposals, and why he feels most taxpayers would opt for the ...
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Budget 2025 makes the Old Tax Regime redundant. It’s all about income tax relief
The forthcoming income tax Bill could be a revolutionary step to open a new chapter in India's fiscal narrative. It is poised ...
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Why Unfair Tax Treatment for Old Tax Regime Followers?
It is advocated by the Government that 75% of the assessees have moved to the New Tax Regime, which is not out of love and ...
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Old Vs. New Tax Regime: Which One Should You Choose?
How to Opt for Old Tax Regime Currently, a taxpayer with income from a business or profession is required to file Form 10IE to opt for the new tax regime. This form was introduced in October 2020.
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Tax Tips: Has the old tax regime become useless in front of the new one? No, the old is still better for these people..
Do you know that a large part of your earnings goes in the form of tax? But now this will not happen! The central government has made such changes in the new tax system that will leave more money in ...
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Income Tax Bill Highlights: New bill expected to be tabled in Parliament by FM this week
With all eyes on the new Income Tax bill which is slated to be tabled in the Parliament this week. Sources in the know of the ...
How to Complete Your Tax Return Without Form 16
Completing tax return without Form 16 can be confusing. Here is how you can easily file it when you don't have one.