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Confused about the new tax regime? Here's when you should opt for it

The new regime was introduced in budget 2020 to simplify taxation, and offer lower rates of taxes c…

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1 min read

About 6 cr ITRs filed for FY24; 70% under new tax regime

Addressing the post-budget session of PHD Chamber of Commerce and Industry, Malhotra said there wer…

PTI   


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Govt. offers relief on long-term capital gains for real estate, allows investors to choose between old and new LTCG regime

Indexation allowed investors to factor in the impact of inflation on their investment over the year…

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2 mins read

51 lakh, or 7.5% more Indians filed income tax returns this year; 72% of taxpayers opted new regime, notes FinMin data

The total number of ITRs for AY2024-25 filed till July 31, 2024, is more than 7.28 crore.

ANI   


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4 mins read

All you need to know about the new tax regime

The new tax regime was introduced in Budget 2020 as a means to simplify tax calculations and offer …

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2 mins read

Opted for the new tax regime? Here are the allowances and deductions you can still avail

Budget 2020 introduced the new tax regime for FY 2020-21 in addition to the old tax regime. FY 2020…

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6 mins read

Budget 2024-25: New tax regime sweetened by FM, hikes standard deduction to Rs 75,000

​More than two-thirds of taxpayers have availed of the new Income Tax regime, as per Nirmala Sithar…

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3 mins read

Using tax credits and rebates to your advantage could save you thousands on a new electric vehicle

Federal and state tax credits can give you money back for buying an electric car.

Nora Naughton,Alexa St. John   


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Why you should start your tax-saving investments now and not wait any further

If you have opted for the old tax regime, you have several tax-saving options to choose from. If yo…

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4 mins read

Budget size almost unchanged from interim, shows govt's commitment to fiscal prudence: Experts

According to the Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman, the total e…

PTI   


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3 mins read

Taxability of employee benefits may decide which tax regime makes more sense for you

When deciding between the old and the new tax regimes, most of us will consider the most common ded…

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4 mins read

Looking to file taxes on your own? Here is what you need to keep in mind

It is that time of the year again – when we have to file our taxes. While we can take the services …

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2 mins read

How to compare your tax liability in old and new tax regimes

Finance Minister Nirmala Sitharaman, during the 2023-24 Budget, announced that the new tax regime h…

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3 mins read

Trump's trade and tax policies are the new hot-button topic dividing economists and market experts

Many notable economists are sounding the alarm on the inflationary impact of Trump's proposals. Oth…

Filip De Mott   


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2 mins read

Majority of taxpayers to have substantial tax savings due to reduction of long term capital gains on real estate: IT Dept

The Budget has reduced tax rates on capital gains earned from sale of house properties held for lon…

PTI   


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Markets are in a 'new geopolitical regime,' and the old playbook won't work, BlackRock says

"Geopolitical fragmentation is one of the reasons we see persistent inflation pressures – and polic…

Aruni Soni   


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3 mins read

Have a home loan? You may want to opt for the old tax regime

Home loan holders may be able to save more money on taxes under the old tax regime by claiming maxi…

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Realty stocks in limelight; Godrej Properties surges over 4%

The indexation benefit allowed taxpayers to compute gains arising out of the sale of capital assets…

PTI   


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This new Goldman Sachs partner is leading the bank's strategy with young heirs and founders

New Goldman Sachs partner Brittany Boals Moeller leads the bank's strategy with millennial, Gen Z, …

Hayley Cuccinello   


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ITR Filing: Today is the last day to file your income tax returns, so file today to avoid penalties

You will have to pay a penalty of Rs. 1,000 if your total annual taxable income is below Rs 5,00,00…