If opting for the default New Tax Regime, minimal action is required. However, those opting for the Old Tax Regime will need to complete Form 10-IEA. Form 10-IEA is a declaration used by taxpayers ...

Senior citizens have an effective tool in Form 15H, which can help them prevent Tax Deducted at Source (TDS) deductions on interest earned from fixed deposits exceeding Rs 1 lakh. Under the new ...

Form 15H is a boon for those senior citizens who have limited income but expect to earn more than Rs 1 lakh as interest from fixed deposit as this form may help them avoid the deduction of TDS ...

But if a senior citizen files Form 15H with the bank then he can prevent this TDS deduction if the senior citizen's income is up to Rs 12 lakh under the new income tax regime ... senior citizen should ...

Green reported from Washington, and Maggie Haberman from New York. Commerce Secretary Howard ... that created and led the brutal apartheid regime in South Africa. The refugee process often takes ...

Examining the Supreme Court’s latest ruling and its impact on citizenship claims under the Foreigners Act in Assam, with a ...

There are two tax regimes under which the income tax return can be filed: old tax regime and new tax regime. In the old regime, taxpayers are entitled to claim deductions for investment made in ...

Income limit for rebate of income tax increased from ₹5 lakh to ₹7 lakh in the new regime in Budget 2023. Union Finance Minister Nirmala Sitharaman will present Union Budget 2025 tomorrow ...

Since the government brought the new tax regime into effect in 2020, taxpayers have a choice of opting between two systems: the old regime of deductions and exemptions, and the new regime with ...

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 ...

Nigeria is heading towards a new tax regime as the Senate yesterday passed two of the four tax reform bills proposed by President Bola Ahmed Tinubu, marking a significant milestone in the ...