As the date for the Union Budget 2026 presentation approaches, taxpayers are closely watching for possible changes to income tax slabs, deductions, and rebates under the old and new tax regimes. Some ...

The Union Budget 2025 unveiled a series of significant amendments to the Income Tax Act of 1961, which are set to take effect from 1st April 2025, marking the start of FY 2025-26. These modifications ...

HUF tax rules for Tax Year 2026-27 covering new-regime slabs, deductions, rebate, regime switching, Rule 136 and tax planning ...

With the income tax return (ITR) filing season underway, taxpayers need to decide whether to stay with the default new tax regime or opt for the old tax regime. For FY 2025-26 (Assessment Year 2026-27 ...

How should taxpayers determine whether they fall into the “new regime wins” category or the “old regime wins” category? For FY 2025-26 (AY 2026-27), the simplest way to classify taxpayers is based on ...

The government is expected to introduce key bills, including the Finance Bill, the Foreigners & Immigration Bill, the Banking ...

Many property sellers may end up paying more tax under the 20% tax regime with indexation than under the flat 12.5% LTCG tax. The benefit of indexation depends on how much the property's value has ...

For Tax Year 2026-27 onwards, an HUF will ordinarily be taxed under the New Tax Regime under Section 202 of the Income-tax ...