Under the provisions of section 87A of the Act, an assessee, being an individual resident in India, having total income not exceeding Rs 5 lakh, is provided a rebate of 100 per cent of the amount of ...

Not all your incomes qualify for the rebate benefit under Section 87A. Income from capital gains, lotteries, and other ...

Updated - February 01, 2025 at 06:02 PM. Subscribe now and get well-researched and unbiased insights on the Stock market, ...

Here are the income tax slabs, rates, and deductions announced by Finance Minister Nirmala Sitharaman in the Union Budget ...

Section 17 of the Income-tax Act defines perquisites, including benefits provided by employers to employees. Currently, employee benefits such as free or concessional amenities are exempt from ...

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 new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...

If your annual taxable income is ₹10 lakh and you claim the full ₹1.5 lakh deduction, your taxable income reduces to ₹8.5 ...

Union finance minister Nirmala Sitharaman will present the Union Budget in the Parliament shortly. Income Tax Budget 2025 ...

In India, the rising cost of healthcare makes health insurance essential for financial protection against unforeseen medical ...

Finance Minister Nirmala Sitharaman announced new tax slabs in the new tax regime 2025, so there will be no income tax for those drawing ₹12 lakh and less ...

India's Income Tax Act is a complex web of sections offering deductions to taxpayers. These deductions help reduce your ...