The Draft Income Tax Rules 2026 propose a significant overhaul of tax-exempt allowances for salaried individuals, potentially ...

New draft rules for the Income Tax Act, 2025, are sparking a debate between old and new tax regimes. Salaried taxpayers may ...

NOTE: To see the effect of marginal relief please use advance tax calculator or login to use Income & Tax Estimator. Indian Overseas Bank introduced 'Locate IOB' for customers. This helps to find ...

Many investors rush to buy tax-saving products under the old tax regime without checking whether those investments match their long-term goals. With the new tax regime offering lower rates but fewer ...

The article analyses whether lower tax rates under Section 115BAC outweigh the loss of deductions, examining legal validity and financial impact on middle-class ...

Many types of income in India are completely exempt from tax under the Income-tax Act, provided certain conditions are met.

By proposing higher exemption limits across several key allowances, such as house rent allowance (HRA), children’s education ...

Annual income of up to Rs 12 lakh: The new regime results in zero tax because of the interplay between rebate and standard deduction. Annual income of Rs 15–30 lakh, the gap remains wide unless the ...

For salaried professionals without significant tax-saving investments or housing rent exposure, the new regime represents both simplicity and fiscal efficiency ...

Union Finance Minister Nirmala Sitharaman has entered the history books after presenting the ninth consecutive Budget.

India’s wage and compensation landscape is entering a new and progressive phase. The implementation of the four labour codes, ...

Corporate tax collections are decelerating as companies stay in the old tax regime to take advantage of various incentives ...