If you are availing exemptions or deductions under the old tax regime, the new tax regime may lead to a higher tax outgo.

Before filing your income tax return, it is vital to compare the tax computation under both the tax regimes i.e., old and new ...

Income tax return filing for AY 2025-26 starts on 1 April 2025. ITR forms vary by taxpayer category, income sources, and ...

The government has given some relief to individual taxpayers by extending the time limit for filing updated Income Tax ...

If you have not filed an Income Tax Return (ITR) yet, then fill it out immediately, as the Income Tax Department has stated ...

For individuals below 60 years of age: The basic exemption limit is ₹2,50,000. For senior citizens (60 years or above but below 80 years): The exemption limit is ₹3,00,000. For super senior citizens ...

Income Tax Slabs FY 2025-26 after Budget 2025: Finance Minister Nirmala Sitharaman announced that taxpayers will not have to ...

Standard Deduction is a fixed amount that can be subtracted from the taxpayers' total income to bring down the amount of ...

Experts pointed out that the new income tax bill proposed for FY2026-27 would require taxpayers to file their ITR by the due ...

It is important for the taxpayers to invest in tax-saving instruments prior to March 31 to be able to avail income tax ...

Taxpayers can face penalties from the IRS and the state of Illinois if they file their tax return late or fail to pay any ...