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Tag: new tax regime deductions
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Missed the ITR Deadline? Here’s What Deductions You Can Still Claim Under the New Tax Regime
Many taxpayers across India missed the recent deadline for filing their Income Tax Returns (ITR). With the government having shifted to a “default” new tax regime, a large number of individuals are now wondering what happens to their deductions and tax savings after the due date has passed. This article explains in detail how the…
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Can Employees Ask Employers for NPS and Other Deductions in the New Tax Regime?
The Indian government has made the new tax regime the default system from FY 2023–24 onwards. While it offers lower slab rates, it restricts most of the deductions and exemptions that employees earlier used to claim in the old tax regime. This often leads to a common question:👉 Can an employee ask the employer to…