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 ...

The government has put “substantial amount of money” in hands of people through rejig of I-T slabs in the Budget and an additional 1 crore people will pay no tax due to hike in tax rebate to Rs 12 ...

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 ...

If you sent your return by mail or filed an amended return, it will take at least four weeks for your refund to be processed. If you can't wait that long, H&R Block offers a no-interest tax ...

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 ...

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 ...

If you claimed the Earned Income Tax Credit or the Additional Child Tax Credit, you can expect to get your refund by Feb. 27 -- this is if you file your return online, select to get your refund by ...

Finance Minister Nirmala Sitharaman, who presented the Union Budget for 2025-26 in the Lok Sabha at 11 am, highlighted that one crore more people will pay no income tax due to a hike in rebate to Rs ...