Meanwhile, resident individuals are also entitled to a rebate of up to 100 per cent of income tax subject to a maximum limit depending on tax regimes as under: ₹ 12,500 for income up to ₹ 5 lakh under ...

Currently, as per Section 24 of the Income-tax Act, 1961 (referred to as ‘the IT Act’), individuals can claim a deduction of ...

Each year, taxpayers anticipate an increase in the Section 80C limit in the Union Budget. However, the limit has not been ...

Also, the return-filing process needs to be simplified for NRIs, who are facing several challenges as tax refunds are not ...

Speculation for this year's budget centers around possible modifications to tax slabs and the introduction of new relief ...

As Budget 2025 approaches, potential income tax reforms for salaried individuals may include changes to tax slabs. Experts ...

At the very top of Republicans’ 100-day agenda with President-elect Donald Trump in the White House is the plan to renew some ...

Seventeen-year-old Gretchen (Hunter Schafer) isn’t exactly thrilled to be cohabitating with her father’s new family, but she doesn’t have much of a choice. As her father’s boss ...

The IRS announced Jan. 27 as the start date for the 2025 tax season. This is when the agency begins to review returns, but you may not have to wait until then to start filing. Many, or all ...

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