The new Income Tax Act will come into force from 1 April 2026. Experts suggest that the new rules will be beneficial to salaried employees who opt for the old tax regime, as they will be able to claim ...

For salaried professionals without significant tax-saving investments or housing rent exposure, the new regime represents both simplicity and fiscal efficiency ...

The new regime remains the default — if you don't actively pick the old one while filing, you automatically fall under the new system.

The Income-tax Rules, 1962 have been amended by the Central Board of Direct Taxes (CBDT) in a notification dated March 5, 2026.

Americans are heading into tax season with more income streams and more confusion over changing tax rules than ever before, according to new data from online expert platform JustAnswer. An analysis of ...

A new tax deduction for many adults 65 and older has plenty of rules and requires new paperwork. What you need to know when filing a 2025 tax return.

The new legislation reorganizes provisions related to return processing, scrutiny assessments, and reassessment of escaped income. It simplifies drafting while largely retaining the existing ...

The One Big Beautiful Bill changed some tax rules. Learn how the SALT deduction, itemizing and auto loan interest could ...

Draft rules and forms placed in public domain for 15 days as part of preparatory work for implementation of Income-tax Act, ...

The Indian government has released new draft income tax rules in line with the New Income Tax Act. Discover the new ...

The draft rules are part of a bigger plan to modernise India's income tax system by changing how individuals think about it, ...

Early-bird tax filers will be happy to know that the Internal Revenue Service will begin accepting and processing 2025 income tax returns on Monday, Jan. 26. Taxpayers are likely to be shocked to ...