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Tax Regime News

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

Filing ITR is compulsory if your total income is over <span class='webrupee'>₹</span>2.5 lakh under the old tax regime, or <span class='webrupee'>₹</span>3 lakh under the new one.

Published 344 days ago

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 463 days ago

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 <span class='webrupee'>₹</span>24 lakh.

Published 479 days ago

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 531 days ago

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 713 days ago

Budget 2024 is an exercise to simplify the tax regime - Revenue Secretary Sanjay Malhotra

The budget’s proposal to remove indexation from the long-term capital gains in real estate is an effort to simply the tax regime, said Sanjay Malhotra (PTI)

Updated 714 days ago

Reforms of new tax regime may reduce tax burden and allow option to choose again

Nirmala Sitharaman pictured at the Lok Sabha on July 23, with the Union Budget

Published 719 days ago

Afternoon brief: New tax regime slabs revised in Budget 2024; and more

Union Minister of Finance and Corporate Affairs Nirmala Sitharaman carrying the Budget tablet (ANI)

Published 720 days ago

Union Budget 2024: 6 new changes to income tax that the new budget may bring

Union Finance Minister Nirmala Sitharaman at Parliament, during the ongoing Budget Session, in New Delhi. (PTI)

Published 721 days ago

Your Union Budget cheatsheet: Direct, indirect taxes and what you must look for

Taxes can be classified into direct and indirect taxes (Unsplash)

Published 734 days ago

Budget 2024: Higher standard deduction limit possible under new tax regime

Representational

Published 748 days ago

ITR due dates: When will Form 16, TDS certificate, Form 26AS be available?

Representational

Published 760 days ago

Has your income tax slab changed? Finance ministry's 6-point note

Presenting the interim budget on February 1, 2024, Union Finance minister Nirmala Sitharaman said that there would be no changes to taxation.

Updated 831 days ago

Tax collection on course to grow 3 times to over ₹19 lakh crore in 10 years of Modi govt

HT Image

Published 927 days ago

Punjab records 16% jump in GST collection: Cheema

Punjab finance, planning, excise and taxation minister Harpal Singh Cheema said the state has achieved 16.61% jump in net goods and service tax (GST) collection up to November.

Updated 953 days ago

Germany approves global minimum corporate tax

Shoppers walk down Hohe Strasse shopping district in Germany.

Published 975 days ago

TDS on salary? IT dept says employers should first ask…

Individual taxpayers have the option to select whether they want to be in the old tax regime. (Representative)

Published 1194 days ago

In a first, UAE to lift tax-free status, brings new rules on corporate earning

Thousands of companies will pay tax for the first time and will likely hit net incomes, according to Tarek Fadlallah, head of Nomura Asset Management’s Middle East unit.

Updated 1623 days ago

RBI favors retaining inflation target regime

The current framework is appropriate for the next five years, according to a report from the RBI on Friday.

Published 1963 days ago

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