The new tax regime – the default – offers a basic exemption limit of Rs 3 lakh for all individuals, regardless of age. This ...

This tool allows individuals to compare their tax liability under both the old and new tax regimes by entering their income ...

The Income Tax Department has introduced an online calculator for taxpayers to compare their potential savings under the newly default New Tax Regime, effective April 2025. The initiative aims to ...

In pay-out type FDs, much like shown in the above table, no TDS will be deducted as the principal and interest amount will ...

If you’re not sure which ones you may qualify for, here are some common deductions and credits new tax return filers can take.

The home office deduction could provide a tax break on your 2024 return. Here’s who qualifies and how to claim it.

The IRS provides straightforward instructions with the form to help you get it right but always check with a tax professional if your tax situation is a little complicated and you're unsure. Article ...