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Higher HRA, bigger deductions? Why the old tax regime may work only for select salaried taxpayers
New draft rules for the Income Tax Act, 2025, are sparking a debate between old and new tax regimes. Salaried taxpayers may find the old regime more beneficial if they can utilise exemptions like ...
A serious flaw in the Income Tax Return (ITR) utility for FY 2024–25 could disrupt House Rent Allowance (HRA) claims for lakhs of salaried taxpayers, warned Chartered Accountant Himank Singla. The ...
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Can You Claim Tax Exemption On Home Loan Under The New Tax Regime? What Role HRA Plays In New Tax Regime? EXPLAINED
New Delhi: The New Tax Regime, introduced couple of years ago by Finance Minister Nirmala Sitharaman, entitled salaried individuals for a lower rate of tax. The rider, however, was that the ...
For salaried professionals without significant tax-saving investments or housing rent exposure, the new regime represents both simplicity and fiscal efficiency ...
Proposed 2026 Income Tax Rules could significantly benefit salaried individuals under the old tax regime. Key changes include expanded HRA exemptions for cities like Bengaluru and Hyderabad, ...
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