The bills would increase deductions on the taxable income of Americans over the age of 65 and enjoying Social Security ...

The Government of India levies tax upon the income of salaried and self-employed citizens of all age groups. Once you figure out which tax slab you fall under as per your tax regime, it becomes easier ...

Budget 2025 increases rebate, no tax liability up to ₹12 lakh; answers on rebate, exemptions, deductions in income tax.

The NDA government has implemented a range of incentives lately to promote the acceptance of the new tax regime. However, the ...

Here are the income tax rates, standard deduction available, basic exemption limit, rebate and deductions under both the new ...

Though there is a standard deduction of Rs 75,000 under new tax regime, there are no deductions available for investments ...

The Union Budget 2025-26 casts an eye on forthcoming elections in some States like Bihar and North East. The proposals in ...

The budget introduces several significant changes for India’s elderly: doubling the TDS threshold and tax deduction limit on ...

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 Union Budget 2025-26 increased the income tax basic exemption limit to Rs 4 lakh under the new tax regime, benefiting all ...

The Union Budget for the fiscal year 2025-26 has brought a major change in the income tax structure. The basic exemption limit under the new tax regime has been increased from ₹3 lakh to ₹4 lakh. This ...

FM Nirmala Sitharaman announced major income tax relief, with no tax payable on income up to Rs 12 lakh. New tax regime to be ...