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 ...

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

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As Finance Minister Nirmala Sitharaman is expected to bring the New Income Tax Bill in the Lok Sabha today, there is a lot of ...

Tax Rebate under Section 87A is given to reduce your taxable income to nil. It is a better option to give tax relief through ...

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

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 ...

Tax on subsequent amount of 4 lakh (from 4 lakh to 8 lakh) Rs 20,000 (being 5% of Rs 4 lakh) Tax on subsequent amount of 4 lakh (from 8 lakh to 12 lakh) Rs 40,000/- (being 10% of Rs 4 lakh) Tax on ...

Individuals can claim deductions under Section 80D of the Income Tax Act for the premiums paid for health insurance policies ...

Strengthen employee retention in India with diverse retirement plans that provide staff with financial security and optimize ...

Budget 2025 clarifies that the tax rebate will no longer apply to income from capital gains or other sources taxed at special ...