The government might extend the tax exemption for individual contributions to NPS under the new tax regime, along with several other projected deductions.

The Government's endeavour has been to promote the new tax regime, and personal tax changes in the last few Budgets have been made only for the individuals opting for new tax regime. Almost 72% of ...

MSME-focused MAS Financial Services on Wednesday reported a nearly 25 per cent increase in consolidated profit after tax to ...

Bombay High Court finds Income Tax Department's restriction on rebate claims for certain income types to be unfair and ...

You can now claim 87A tax rebate on special income but the Income Tax Department may not honour this claim without scrutiny ...

The Bombay High Court on Friday cleared the path for eligible taxpayers to claim the rebate under Section 87A of the Income ...

On July 5, 2024, updates to the online utility for filing income tax returns blocked eligible individuals from claiming the Section 87A rebate. This provision allows individuals earning up to Rs 7 ...

MUMBAI: Scores of taxpayers, including the salaried, who were unable to claim an income-tax (I-T) rebate in their tax returns ...