Budget 2025 extends the period for filing updated income tax returns from 24 months to 48 months. Taxpayers will now face ...

Salaried individuals with an annual income of up to Rs 12.75 lakh will have zero tax liability under the new tax regime. But ...

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 because to get this tax ...

The Union Budget 2025-26, which Prime Minister Narendra Modi said was designed for the common man, gave relief to the middle ...

There will be zero income tax up to an annual income of ₹12 Lakh under the new tax regime, FM Sitharaman has announced.

The tenure for filing updated tax returns has been extended from two to four years, allowing taxpayers more time to correct discrepancies. However, st ...

Are you left scratching your head about the changes in tax slabs in the new regime announced in Union Budget 2025? Wondering ...

The changes have been proposed under the new tax regime. The finance minister also proposed new income tax bill, which she ...

Presenting the 14th consecutive Budget under the Narendra Modi government since 2014, FM Sitharaman also proposed the ...

Finance Minister Nirmala Sitharaman has announced that under the new income tax regime, nil tax slab has been raised from ₹7 ...

ITAT Raipur held that exemption under section 11 and section 12 of the Income Tax Act not admissible to assessee society due to non-furnishing of return of income as required u/s. 12A (1) (b) of the ...

Union finance minister Nirmala Sitharaman announced that no income tax will be payable on income up to ₹12 lakh.