Tag: old tax regime
How to switch to old tax regime from new tax regime for filing income tax
The current income tax rules does provide the freedom for taxpayers to choose between the new tax regime and the old tax regime based on…
Budget 2024 | Old vs new tax regime: Which will be more beneficial for high-income persons?
Union finance minister Nirmala Sitharaman on Tuesday presented the Budget 2024-25 in Parliament, making announcements offering improved benefits to those who opt for the new…
Budget 2024 Section 80D Exemption: Why govt should increase Section 80D tax exemption limit under old tax regime
Section 80D of the Income-tax Act of 1961 allows for the deduction of certain medical expenses and premiums for health insurance policies from your taxes….
TDS on salary? IT dept says employers should first ask…
The Income Tax Department on Wednesday said employers will have to seek details from employees about their preference for tax regime in the current fiscal…
new tax regime: Confident that 50% taxpayers will shift to new regime Now: Revenue Secretary Sanjay Malhotra
The government is confident that more than 50% taxpayers will shift to the new income-tax regime that has been made more attractive in the latest…