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New tax regime News

20 Jun 2025

Can You Claim Tax Exemption On Home Loan Under The New Tax Regime? EXPLAINED

Old Tax Regime Vs New Tax Regime: The new tax regime under Section 115BAC of the Income Tax Act offers lower tax rates in exchange for giving up most exemptions and deductions.

05 May 2025

Chosen New Tax Regime For AY 2025-26? Changes In ITR 1 You Should Know

CBDT has announced several changes in the ITR forms this including that in ITR-1 (SAHAJ) and ITR-4. Here are 6 Changes regarding ITR-1 (SAHAJ) that salaried individuals should know.

04 May 2025

Here’s How Retirees Can Avoid TDS Under New Regime

28 Apr 2025

I Have Chosen Old Tax Regime In My Office Investment Declaration, Can I Switch

Are you planning to shift from old to new tax regime during actual ITR filing this fiscal? keep the following things in mind.

20 Apr 2025

ITR Filing FY 2024-25: Can Taxpayers Still Switch Between Different Tax Regime

ITR Filing For FY 2024-25: The Income Tax Act allows individuals to switch between the old and new tax regimes while filing their ITR.

12 Apr 2025

Which ITR Form Is Right For Senior Citizens In FY 2024-25? Check New Tax Slab

ITR Forms 2025-26 For Senior Citizens: Adding further, many senior citizens mistakenly assume that filing returns isn't necessary if tax is already deducted at source (TDS) on their income. However, this is incorrect.

ITR Filing 2025

09 Mar 2025

ITR Filing 2025: How Often Can You Switch Between New And Old Tax Regimes?

You can switch between the old and new tax regimes every year if your income comes from salary, interest, or rent (non-business income).

14 Feb 2025

Tax Regime: Is Old Regime Still Beneficial For Those Earning Above Rs 12.75L?

Here’s a table showing a comparison of old vs new regime with the income level and deductions. If you have deductions more than Rs 7,75,000, then you can file return under old regime, explains Cleartax.

Union Budget 2025

25 Jan 2025

Union Budget: India Inc Should Match Pace And Intent Of Govt, Says SBI Report

According to the report, the fiscal deficit as per cent of GDP may come at 4.5 per cent in FY26 (Rs 15.9 lakh crore) that looks like the new normal in a world of uncertainties, offering flexibility in tinkering the glide path a little to romp up inclusive growth.

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 .

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