Latest Income Tax Slabs FY 2024-25 For Old Regime: For individuals who are residents and below 60 years of age, the tax slabs highlighted in the image are applicable under the old income tax regime.

No ITR filing required? Check who qualifies for exemption under Section 194P, how Form 125 works, and which senior citizens ...

The income tax filing season has begun, allowing online submissions for ITR-1, ITR-2, and ITR-4. Taxpayers are advised to ...

The Income Tax Return (ITR) filing season for Assessment Year 2026-27 is now underway, and taxpayers across India are ...

Under the new Income-tax Act, 2025, which went into effect on April 1, 2026, the new income tax regime is the default regime ...

The Income-Tax department has released ITR forms for AY27/FY26, enabling offline preparation via Excel Utility for ITR-1 and ...

The new tax regime offers lower rates but removes many deductions, making a thorough comparison with the old regime crucial. While both regimes allow certain allowances and perquisites, understanding ...

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Did our AI summary help? The Rs 50 vs Rs 200 meal voucher rule has become a point of confusion for salaried taxpayers, especially while filing income tax returns (ITR) for FY 2025–26. The confusion ...

The Income Tax Department has initiated online filing for AY 2026-27, with ITR-1 and ITR-4 available since May 15. Senior citizens face challenges in selecting the correct ITR form based on income ...

The article explains that HRA exemption is unavailable under the new tax regime, which is why the HRA field may not appear in the ITR utility. Taxpayers must select the old regime to claim HRA ...