"By virtue of the rebate only taxpayers with incomes up to Rs 12 lakh under the new regime would not have to pay any tax ...

What if you earn more than Rs 12.75 lakh? Should you pick the new tax regime for lower rates or stick to the old one for deductions?

On 29 January 2025, the EU Commission published a Competitiveness Compass for the EU. President of the European Commission, Ursula von der ...

NRIs who opt for the new tax regime may get some benefits, but they are not eligible for the Section 87A rebate ...

Inflation affects everyone, including the economy and taxes. India's Income Tax Act has provisions to adjust tax liabilities for inflation. These adjustments ensure taxpayers aren't burdened with ...

In accordance with the proposed Finance Bill 2025, the rebate under Section 87A is now applicable up to a total income of Rs ...

Following the Budget 2025, Section 87A of the Income Tax Act now offers marginal relief for taxpayers under the new tax ...

Without going into the sections, proviso and the clause 2, 20 and 24 of the Finance Bill 2025, some situations are rendered here for the applicability and availability of the Sec 87A rebate both under ...

Vidarbha Industries Association Taxation & Corporate Law Forum organised a session on "Post Budget Analysis 2025" on Tuesday, ...

Central Board of Direct Taxes (CBDT) has clarified that marginal relief applies to incomes up to Rs 12.75 lakh. This means ...

Debt mutual funds bought after April 2023 fall under Section 50AA and are eligible for tax rebates, but units bought before ...

Chartered accountants differ on a salaried taxpayer’s eligibility for the tax rebate if her total income—including special ...