If you pay health insurance premiums for your parents, you can claim an additional tax deduction of Rs 25,000 if they are ...

By taking advantage of deductions under Section 80D, you can secure health insurance protection for yourself and your loved ...

With the financial year-end approaching, taxpayers must meet a few important income tax deadlines to avoid penalties and ...

While the old tax regime promotes savings through tax benefits, the new one is simpler, involves less paperwork and reduces ...

The old tax regime offers over 70 deductions and exemptions, including HRA, LTA, Section 80C, 80D, home loan interest, and ...

As per Vasudeva, in the old tax regime, premiums paid on health insurance policies qualify for deductions under Section 80D.

Though the new income tax regime will feature revamped tax slabs from April 1, 2025 onwards, the old regime offers a slew of ...

Income tax rules require taxpayers to submit advance tax if their overall tax liability for the financial year exceeds Rs ...

The old tax systems Section 80C tax-saving options are still available for a few weeks of the fiscal year hence taxpayers ...

I. Investing for tax deduction: Investors must invest before March 31 to be able to claim tax deduction for the financial ...

Choose the Old Regime if you have significant tax-saving investments (PPF, EPF, LIC, etc.) and claim deductions like HRA, 80C, and 80D. Choose the New Regime if you do not have many deductions and ...