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

Finance Minister Nirmala Sitharaman raised the nil income tax slab to ₹12 lakh for salaried individuals. This entails a tax ...

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

For salaried individuals and pensioners, the standard deduction has been increased to Rs 75,000. This effectively raises ...

The old tax regime remains unchanged. 'Taxpayers opting for it will continue to follow the existing slab rates and deductions ...

Marginal relief is provided to resident individuals with income levels between Rs 12 Lakh and Rs 12.75 Lakh. Once an ...

Vide Finance Act 2022, taxation of virtual digital assets (VDA) has been introduced in the Income-tax Act, 1961 (‘the Act’), under section 115BBH of the Act in which the transfer of VDA is to be taxed ...

The announcement of the 2025 Union Budget brought relief to many taxpayers, particularly those with an income of up to ₹12 ...

In Budget 2025, the government opted not to modify the existing tax regime or introduce any new deductions. Finance Minister ...

In the Budget 2025, middle-class taxpayers have received some relief. Under the new tax regime announced by Finance Minister ...

Budget 2025 has made no change to the tax rate or holding period for long term capital gains (LTCG) and short term capital ...

Section 87A rebate applies only to those earning up to Rs 12 lakh. For a person earning more than this amount, regular tax ...