Over $15.4 million in tax refunds have been released for error-free returns filed on or before March 9. The latest batch includes 4,410 checks and 1,572 electronic payment refunds, the Department ...

Are you making right claim of refunds in your Income Tax Return — Here are the key points which you are required to know before filing your Income Tax Return!! > Every person who is having income ...

The new financial ... 12,00,000: 15%. Rs 12,00,001–15,00,000: 20%. More than Rs 15,00,000: 30%. Higher Tax Rebate Limit: A full tax rebate is provided on incomes up to Rs 7 lakh, which was Rs 5 lakh ...

The Finance Bill proposes a corporate tax rate of 15 percent for NIFC-certified start ... investors who would want to operate under NIFC regime,” added Mr Mathini. Dr Lyla Latif, a lawyer ...

The article examines the new tax regime and the changes announced in the union budget 25-26 and its potential impact. The new regime is a declining tax rate regime. However, the relief to the ...

The old regime allows you to reduce your taxable income by claiming various deductions and exemptions, like those for insurance premiums, home loan interest, house rent or travel allowance. The new ...

This means that only income taxed at the standard slab rates, such as salary ... tax liability under the new regime." Before this, under Section 87A of the Income Tax Act, a rebate of Rs 12,500 ...

The Income Tax Department has introduced new ITR-1 and ITR-4 forms for FY 2024-25, simplifying tax filing for individuals with long-term capital gains up to Rs 1.25 lakh from listed equities.

Do you have income tax-related ... Rs 4 lakh (new regime) and Rs 2.5 lakh (old regime) limit from next financial year onwards? For FY 2024-25, her total income is Rs 4,25,000 (Rs 2 lakhs + Rs ...

if going for old tax regime, home loan ... a detailed summary of the salary paid and the tax deducted at source (TDS) during the financial year. As per the income tax rules, employers must issue Form ...

With FY26 ushering in sweeping tax ... the old or new regime is better.” The government has made the new regime more appealing by widening tax slabs. Earlier, tax slabs moved in ₹3 lakh intervals with ...

English singer-songwriter Ed Sheeran did. And it was, as the 34-year-old said, “such an emotional journey” that he even wrote a song for it titled, well, Old Phone. In an Instagram post ...