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ITR TAX REBATE
Rs 15 lakh, Rs 20 lakh or Rs 25 lakh CTC? Check your exact TDS under new vs old tax regime for Tax Year 2026-27Understanding Tax Deducted at Source (TDS) on your salary is crucial. Employers calculate your annual tax liability based on declared incom...
Income Tax AY 2026-27: Even if your salary income is below Rs 12.75 lakh, you still need to pay tax for these incomesIncome Tax AY 2026-27: Salaried individuals earning up to Rs 12.75 lakh annually may enjoy zero tax liability due to enhanced Section 87A r...
ITR filing for FY 2025-26: Key changes in due dates, ITR forms, and F&O disclosure rules taxpayers must knowThe deadline for filing income tax returns for FY2025-26 has arrived, with new rules and forms in effect. Notably, ITR 3 and ITR 4 filings ...
FD rate up to 8.05% for senior citizens investing for five years; Know list of banksSenior citizens can now secure fixed deposit rates as high as 8.05% for a five-year term with select small finance banks. While these attra...
Pension is salary, family pension is not: Key tax rules pensioners must know before filing ITR for AY 2026-27Pension and family pension are taxed differently under the Income-Tax Act, yet many taxpayers continue to confuse the two while filing retu...
ITR-2 online filing and excel utility for A.Y. 2026–27 are now enabled on the e-Filing ITR portalIndividuals and HUFs without business income but with complex income sources like salary, multiple house properties, or capital gains can f...
FD rate up to 8% for senior citizens investing for three years; Know list of banksSenior citizens can secure fixed deposit interest rates up to 8 percent for a three-year investment. Several small finance banks are offeri...
FD rate up to 8.05% for senior citizens investing for five years; Know list of banksFor senior citizens looking to maximize their savings, attractive fixed deposit rates are still within reach. Suryoday Small Finance Bank p...
FD rate up to 8% for senior citizens investing for three years; Know list of banksSenior citizens can still secure fixed deposit (FD) interest rates up to 8.05% for a three-year term from select small finance banks, with ...
FD rate up to 8.05% for senior citizens investing for five years; Know list of banksSenior citizens can now secure fixed deposit interest rates as high as 8.05 percent for a five-year term. Several banks are offering this a...
I am an OCI cardholder, will I need to pay tax on inherited assets in India?I am a German citizen, and have an OCI card. How will inheritance of assets located in India be taxed for me? Is the inheritance itself tax...
Can you stop filing ITR if your income is below Rs 12 lakh?The Budget 2025 has raised the threshold of rebate available under Section 87A from Rs 25,000 to Rs 60,000. The basic income exemption limi...
ITR filing deadline: Last date to claim Section 87A tax rebate; do it now by filing revised ITR on or before January 15, 2025Income tax deadline: The last date to file a revised income tax return (ITR) is January 15, 2025 as per the order of the Honourable Bombay ...
Good news for taxpayers: ITR forms updated to allow 87A tax rebate claims, but there's a catchIncome tax rebate u/s 87A: Eligible taxpayers who have income up to Rs 5 lakh/7 lakh can claim tax rebate under section 87A up to Rs 12,500...
No Section 87A tax rebate despite ITR filing forms being updated recently: How to claim Section 87A tax rebate with deadline ending on January 15, 202587A tax rebate: The ITR filing utilites for ITR-2 and ITR-3 has been updated on January 4, 2025 however, the JSON schema is not yet updated...
Last opportunity for eligible taxpayers to claim 87A tax rebate: Why you must file revised/belated ITR before January 15, 2025Income tax rebate u/s 87A: Following the Bombay High Court order to extend the revised and belated income tax return (ITR) deadline to Janu...
ITR Filing Deadline: Income Tax Department extends belated, revised ITR filing deadline to January 15, 2025 for these taxpayersIncome tax return: The revised and belated ITR filing deadline has been extended by the Income Tax Department to January 15, 2025 for resid...
Good news: Income tax dept to correct ITR forms to allow eligible taxpayers to claim section 87A tax rebate for FY 2023-24Income Tax Rebate: "The updated utilities for ITR forms 2 and 3 giving effect to the Circular No. 21 dated 31st December 2024 and including...
Claimed 87A tax rebate for STCG in your ITR? You may get tax demand noticeIncome tax rebate: Income tax rebate under section 87A is not available for Long Term Capital Gains (LTCG). "Earlier the Income Tax Utility...
No income tax rebate u/s 87A despite total income below Rs 7 lakh in these casesTax rebate: No tax rebate is given if you have long term capital gains (LTCG). However, in some situations even if you filed your ITR caref...