The Income Tax Act requires you to pay advance tax rather than waiting until you file your return if your total tax due for the year exceeds Rs 10,000.

The older tax regime offers considerable flexibility for taxpayers by enabling them to leverage available claims of exemptions and deductions fully.

Confused between the old and new tax regimes for FY 2024-25? Understand key differences like tax slabs, deductions and ...

Indian taxpayers have the option to switch between the new and old income tax regimes annually, following the changes introduced from the financial year 2023-24. The new tax regime is now the default ...

The new tax regime provides lower tax rates and fewer deductions, eliminating the need for investment in tax-saving schemes ...

Your 50s are about securing the future. With the provisions in Budget 2025, tools like NPS, tax deductions, and NSS ...

Submitting after this deadline will not help in reducing TDS deductions. Under the Income Tax Act, exemptions like Sections 80C, 80D, and 80G apply only when proof is submitted on time. Plan deposits ...