For income up to ₹10 lakh, the Old Tax Regime is generally more beneficial as it provides a wider range of exemptions and deductions.

It's imperative that you choose the correct income tax return form for filing your Income Tax returns. The choice of the ITR form depends on the type of your income and your category as a taxpayer

Strategic planning and diligent saving are key to achieving a secure and rewarding early retirement; financial discipline and some sacrifices are necessary.

The Central government has so far this year collected ₹4.62 trillion in direct taxes after adjusting for refunds, marking a 20.99% growth annually, the Central Board of Direct Taxes has said, quoting provisional figures.