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Old Tax Regime vs New Tax Regime: Here's guide on which tax system to choose if your salary is Rs 80,000

The Finance Act 2023 has made the new tax regime as the default tax regime for FY 2023-24 (AY 2024-25). The taxpayers can switch between the old and the new tax regime on a year-on-year basis. ....

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tds on salary: New vs old tax regime for TDS on salary: Choosing wrong tax regime in April can lead to higher tax

TDS on salary tax regime: In the month of April, many salaried individuals are required to inform their employer about their preferred tax regime on the basis of which tax will be deducted from their salary income. If wrong tax regime is chosen for tax to be deducted on the salary, then higher tax will be deducted throughout the financial year. ....

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Income tax slabs FY 2024-25: Five tips to help taxpayers decide between old and new income tax regimes

Income tax slabs FY 2024-25: With the new financial year starting, salaried individuals must decide between old and new tax regimes. The default option is now the new regime, with different rates and deductions ....

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What are the Income Tax Slabs for 2024-25? Know details for old and new tax regime

Financial Literacy News: Income Tax Slabs 2024-25: It's important to note that while no adjustments were made to the income tax slabs in both the old and new tax regimes, this ....

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ITR filing: Income Tax department notifies ITR-2, ITR-3 forms for FY 2023-24. Details here

ITR filing: The deadline for filing tax returns using ITR-2 and ITR-3 for the FY 2023-24 (AY 2024-25) is July 31, 2024, for most taxpayers. However, individuals who are subjected to income tax audit and have income from business or profession have an extended deadline until October 31. ....

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