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tax regime

Income tax return filing deadline extended: 10 common mistakes to avoid

Filing ITR is compulsory if your total income is over 2.5 lakh under the old tax regime, or 3 lakh under the new one.
Published on Aug 03, 2025 08:59 pm IST

Buy or Rent? Navigating property decisions under the old tax regime

Should you rent or buy property? When evaluating financial decisions such as renting versus buying a property, understanding the tax implications under the old tax regime is crucial. (Representational photo).
Published on Apr 06, 2025 10:27 am IST

Old tax regime vs new tax regime with revised slabs: What to choose in 2025-26?

Many of those who use the old regime may consider switching to the new one since the Union Budget 2025 has substantially brought down the slab rates for incomes up to 24 lakh.
Published on Mar 21, 2025 01:46 pm IST

Budget 2025: Why the government is reluctant to reduce personal income tax

Personal income tax provides significant and steady revenues to the government. Its collection exceeds the government's revenues from taxes on the profits of corporations.
Updated on Jan 28, 2025 12:39 pm IST

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 whichever may be more advantageous to them. (HT PHOTO)
Published on Jul 29, 2024 06:44 pm IST