Judgement

Delhi HC has prima facie allowed Supreme Court and High Court judges to treat certain statutory allowances as non-taxable receipts under the new tax regime.

Delhi High Court Allows SC and HC Judges to File or Revise ITR Under New Regime Without Listing Certain Allowances

The CBDT Office Memorandum on taxability of judges’ allowances has been challenged 

High Court Holds Judges’ Statutory Allowances Outside New Tax Regime

ITAT allowed the full Section 87A rebate on Section 111A STCG under the new tax regime for AY 2024–25 where total income does not exceed Rs 7 lakh.

ITAT Directs Grant of Full Section 87A Rebate, Rejects CPC's Restricted Computation

Articles

Form 10-IEA is a crucial declaration for business and professional taxpayers to opt out of or re-enter the default new tax regime, making it essential to understand its one-time switch rule, due dates, and ITR implications for AY 2026-27.

Everything You Need to Know About Form 10-IEA and Tax Regime Selection

Employees can switch between the old and new tax regimes while filing their ITR, even if TDS was deducted under a different regime by their employer.

Failed to Inform Your Employer About Tax Regime? Can Employees Still Switch to Old Tax Regime

The new tax regime still offers several valuable deductions and exemptions, including the standard deduction, home loan interest relief, family pension deduction, and others.

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Delhi High Court Allows SC and HC Judges to File or Revise ITR Under New Regime Without Listing Certain Allowances

High Court Holds Judges’ Statutory Allowances Outside New Tax Regime

ITAT Directs Grant of Full Section 87A Rebate, Rejects CPC's Restricted Computation

Everything You Need to Know About Form 10-IEA and Tax Regime Selection

Failed to Inform Your Employer About Tax Regime? Can Employees Still Switch to Old Tax Regime

Think New Tax Regime Offers No Deductions? Five Key Tax Benefits You Should Know