Old Tax Regime Related Articles

Apr - 2024

23

New Tax Regime: Recent Income Tax Changes in India

New Tax Regime: Recent Income Tax Changes in India

New Tax Regime: Recent Income Tax Changes in India Understanding the latest updates is essential for every taxpayer in the dynamic world of income taxation. The fiscal year 2023-24 marks a pivotal era with substantial changes to India's income tax regime, influencing individuals, businesses, and pr ...

Jul - 2023

06

ITR-1: Key Differences between the Old and New Tax Regime

ITR-1: Key Differences between the Old and New Tax Regime

ITR-1: Key Differences between the Old and New Tax Regime Filing income tax returns is a significant financial obligation for individuals, and understanding the different tax regimes is crucial for accurate reporting. With the introduction of the new tax regime in Budget 2020, taxpayers have been p ...

Jul - 2023

06

Income-tax (Tenth Amendment) Rules, 2023 - New Rule and Form for Opting Old Tax Regime

Income-tax (Tenth Amendment) Rules, 2023 - New Rule and Form for Opting Old Tax Regime

Income-tax (Tenth Amendment) Rules, 2023 - New Rule and Form for Opting Old Tax Regime The Finance Act 2023 changed section 115BAC, offering reduced tax rates in the new tax scheme for 2024-25 and beyond assessment years. This new scheme is now the default option for taxpayers and applies to entiti ...

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