For AY2025-26, understanding tax liability under each income tax regime is crucial. Here's calculation for Rs 10 lakh, Rs 20 ...

Notably, taxpayers can claim exemption for HRA along with the interest on home loan under the old tax regime in the same year ...

The school organised an informative session on “How to calculate income tax” for students of classes VI to XII. The session ...

When it comes to filing taxes in India, choosing between the old and new tax regimes can be a complex decision. Both offer ...

Under the new tax regime, individuals with annual income up to Rs 7 lakh can avail a rebate under Section 87A, meaning they ...

The new tax regime provides lower tax rates and fewer deductions, eliminating the need for investment in tax-saving schemes ...

Those filing their returns for the first time must also choose between two tax regimes (with different deduction amounts) and ...

You can use an income tax calculator to compute the actual tax payable under the old and new tax regime. Improved tax administration and compliance played a role in India’s robust tax collection ...

Former Infosys chief financial officer and IT industry veteran Mohandas Pai has slammed “tax terrorism”, saying the income-tax oppression is “enormous”. “Today, there is Rs 30 lakh crore ...

NEW DELHI: The income tax department has notified a new Income Tax Return form --ITR-B -- for declaring undisclosed income under the block assessment scheme, a procedure for assessing undisclosed ...

For the uninitiated, K-1s are a tax form generated by a partnership to report income. If you own Master Limited Partnerships, you get a K-1 instead of a 1099. They can be a nightmare if you do ...

A PPF calculator is an online tool that helps investors estimate ... Tax Benefits: Contributions to a PPF account are eligible for tax deductions under Section 80C of the Indian Income Tax Act.