Who should file a tax return, how to get ready for taxes, filing and payment due dates, reporting your income and claiming deductions, and how to make a payment or check the status of your refund.

Section 87A tax rebate: Tax Rebate under Section 87A is given to reduce your taxable income to nil. It is a better option to give tax relief through the tax rebate than changing the tax slabs. This is ...

Budget 2025 Income Tax Changes: Finance Minister Nirmala Sitharaman proposed sweeping tax reforms for the middle class in the Budget 2025. From zero tax on income of up to ₹12 lakh to cutting ...

Union Finance Minister Nirmala Sitharaman on Saturday (February 1) said the government has put a "substantial amount of money" in the hands of people through the rejig of income tax slabs in the ...

tax rebate is being provided in addition to the benefit due to slab rate reduction in such a manner that there is no tax payable by them,” she said during her speech. A person having income of ...

Since the new income tax regime was announced in 2020, the old regime never saw any benefits, while rebates were being given to those who opted for the new regime. The new income tax regime is also ...

How much tax do I have to pay? Calculate now At the heart of the confusion lie two terms: rebate and marginal relief. Simply put, a rebate is a deduction that eliminates tax liability for ...

Traditionally, because of the way income tax rebates were tied to a slew of investments and savings, it complicated the filing of income tax and returns beyond the comprehension of the common people.

A person with an income of Rs 25 lakh gets a benefit of Rs 1.10 lakh. The finance minister has raised the income tax rebate limit from Rs 7 lakh to Rs 12 lakh, meaning individuals with earnings up to ...

“I hope there will be a better tax rebate. Train facilities should be made even better. We travel in local trains, so frequency of trains should be made even better,” said Mumbai resident TG Pradhan ...

In addition to the reduced slab rates, tax rebates will be offered to individuals earning up to Rs 12 lakh in normal income (excluding special income). As a result, no income tax will be payable by ...