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TAX REBATES AND EXEMPTIONS
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...- 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...
- 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...
- 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...
- 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...
- Pay Rs 62,400 extra income tax if you are using tax harvesting with Rs 12.75 lakh salary; Here’s what to doSalaried employees may face an additional Rs 62,400 in income tax if they engage in tax harvesting with a Rs 12.75 lakh salary. This occurs...
- Bought DLF Camellias flat with Rs 9.82 crore discount, faced tax notice; ITAT gives reliefThe Income Tax Tribunal ruled that property purchase discounts are not taxable as income. A homebuyer received a Rs 9.82 crore discount on ...
- Has Section 87A tax rebate making tax liability zero for up to Rs 12 lakh income hiked in Budget 2026?Most anticipated change in Budget 2026 was change in Section 87A tax rebate. Currently Section 87A tax rebate depends on the chosen tax reg...
- Taxable income below Rs 7 lakh: Will you pay zero income tax if this income includes LTCG and STCG for FY 2024-25?Zero tax on incomes up to Rs 7 lakh: Budget 2025 clarified that tax rebate under Section 87A will not be available to incomes that are taxe...
- Has Section 87A tax rebate been increased in old, new tax regime in Budget 2024?Section 87A tax rebate in Budget 2024: The finance minister Nirmala Sitharaman has not made any changes in tax rebate amount available unde...
- Has Budget 2024 hiked income tax rebate under section 87A in old tax regime, new tax regime?Section 87A tax rebate in Budget 2024: Due to tax rebate under Section 87A individuals need not pay income tax if their taxable income does...
- Who is eligible for tax rebate under Section 87A of the Income-tax Act?87a Rebate: To make the new tax regime more attractive, the rebate under Section 87A has been hiked to Rs 25,000 for taxable income up to R...
- Section 87A income tax rebate is not available on these incomesSection 87A of the Income Tax Act, 1961 allows an income tax rebate of Rs 12,500 (for both old and new tax regime) for FY 2022-23 (AY 2023-...
- Govt lost Rs 71,255 cr on rebates, exemptions in FY'09: MoS FinanceThe government lost Rs 71,255 crore on tax rebates and exemptions awarded to corporates and non-corporates in the 2008-09 fiscal, Minister ...
- FM brings cheer to old & womenThere's some relief in store for the fairer sex and senior citizens. As per the amendments to the Finance Bill, the basic exemption limit f...
- Salary, allowances of MPs exempt from taxSALARY and allowances, daily allowances, constituency allowances and incidental charges of members of Parliament would be exempted from tax.
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