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TAX REBATE 2025
ITR filing for NRIs: From miscounted days in India to missed NRO interest, these mistakes can trigger tax noticesMiscounted days in India, missed NRO interest and TDS mismatches can invite notices from a data-savvy tax department.
FD rate up to 8.3% for senior citizens investing for three years; Know list of banksSenior citizens can now secure fixed deposit interest rates up to 8.3% for a three-year term with select small finance banks, offering a lu...
Think you don't need to file an ITR for FY 25-26? These 8 benefits may change your mindITR filing: Filing your Income Tax Return (ITR) offers significant advantages beyond just tax payment. It's crucial for claiming refunds, c...
Domestic car sales surge in June on tax cuts, lower interest rates & strong demandIndian car sales surged over 24% in June, marking a strong third consecutive month of double-digit growth. This boom, fueled by tax cuts an...
ITR filing guide: Know when tax return filing is mandatory, who needs to file and who is exemptIndividuals and Hindu Undivided Families (HUFs) are required to file income tax returns (ITR) if their total taxable income before the appl...
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-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...
Salary hike this appraisal season? New labour codes and tax rules may change your real take-home payAppraisal season this year saw companies begin aligning salary structures with new labour codes and updated income tax rules. While some fi...
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...
Vikram Solar shares slide 5% as Q4 margins take a hit; profit jumps 21% YoYVikram Solar shares fell sharply on Friday as Q4 margins contracted sharply, even though profit rose 21% year-on-year. Revenue grew 22% and...
Georgia $500 rebate checks 2026: Who qualifies, payment dates & full details explainedGeorgia is sending rebate checks up to $500 to eligible taxpayers after a big budget surplus. Payments started in May 2026 and will continu...
Bengaluru CA explains zero tax trick on Rs 17 lakh rent income : 'No bills, no receipts....'India's tax framework allows certain individuals to legally reduce rental income tax to zero. A flat 30% deduction on gross rental income, ...
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 ...
Full Section 87A tax rebate on LTCG from equity income for AY 2024-25 allowed by ITAT Chennai; know how the taxpayer wonThe Income Tax Appellate Tribunal ITAT Chennai has ruled that taxpayers can claim the Section 87A tax rebate on long-term capital gains fro...
Americans to receive fall rebate checks up to $400 — don’t miss the October 15 deadlineRebate checks: Virginia taxpayers are set to receive fall rebate checks, with single filers eligible for up to $200 and joint filers for up...
Section 87A rebate rule correction: No income tax till income of Rs 12.75 lakh for salaried individuals except this incomeFor FY 2025-26 (AY 2024-25) Section 87A rebate allows an salaried individual to not pay any tax for income up to Rs 12.75 lakh but this reb...
No income tax rebate under Section 87A even if income is less than Rs 7 Lakh under new tax regime in this situation, point out CAsChartered Accountants have raised concerns about the denial of Section 87A tax rebates to eligible taxpayers with special rate incomes like...
Budget 2025 does not give Section 87A tax rebate benefit on capital gains, lotteries incomeBudget 2025 has clarified that the Rs 60,000 tax rebate will no longer apply to income from capital gains or other sources taxed at special...
No tax for up to Rs 12.75 lakh income for salaried under new tax regime as Section 87A tax rebate hiked in Budget 2025Section 87A tax rebate: Tax Rebate under Section 87A is given to reduce your taxable income to nil. It is a better option to give tax relie...