Budget 2025 updates tax slabs under section 115BAC, offering zero tax up to ₹12 lakh income with rebate and marginal relief. Old regime remains ...

While filling out your ITR, usually ITR 1 or ITR 2, you'll see a question asking whether you wish to opt out of the new tax regime under section 115BAC (6). You just need to tick 'Yes' or 'No'.

Changes in Income Tax Return (ITR) rules last year are set to impact retail investors, especially those opting for the new tax regime. With limitations introduced under the Section 87A rebate, many ...

New spending Debt ceiling increased by $5 trillion Nearly $150 billion in additional border security spending, including $46.5 billion to construct a U.S.-Mexico border wall and about $30 billion ...

The existing tax rates and brackets become permanent under the bill, solidifying the tax cuts approved in Trump’s first term. It temporarily adds new tax deductions on tips, overtime and auto loans.

WASHINGTON – President Donald Trump's big tax bill has passed the U.S. Senate, teeing up major changes to Medicaid and food stamps, extended income tax cuts, and new tax cuts for corporations ...