What do the draft income tax rules mean for the common man? How does the calculation math for the old vs new income tax ...
The recent proposals in the Income Tax Rules enhance education and college hostel allowances and reclassify cities for HRA purposes. These changes may entice salaried individuals to reconsider the old ...
Old Tax Regime Vs New Tax Regime: The latest update in the tax rule changes is currently open for public feedback until 22 February and, if finalised, will take effect from 1 April.
​With data analytics tightening the tax net, salaried taxpayers are increasingly facing income tax notices over small mismatches flagged through AIS/TIS and NUDGE alerts. Budget 2026 aims to ease this ...
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New Income Tax Rules 2026 Explained: Key changes, allowances and what every taxpayer needs to know
The previous Income Tax Act was over 65 years old and had more than 800 sections. The new law reduces this to around 536 sections and removes many explanations and provisos that made the law ...
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Budget 2026 brings major HRA tax relief: Expanded 50% exemption for old tax regime in new cities
Budget 2026 is set to bring significant relief for salaried taxpayers who continue to follow the old income tax regime. The ...
The draft rules propose expanding the 50% exemption category to include Bengaluru, Hyderabad, Pune and Ahmedabad -- cities ...
While the new tax law intends to streamline taxation, some provisions has made the old tax regime more appealing.
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