Tag: Tax Rebate

Detailed explanation of the conflict between FM Nirmala Sitharaman and AAP MP CA Raghav Chadha regarding the tax-free income up to Rs 12 lacs in the Finance Bill 2025.

Discover about the Income Tax Rebate available to Resident Individuals in respect of AY 2024-25 u/s 87A of the Income Tax Act, 1961.

The rates/slabs of normal income tax, surcharge, HEC and AMT along with the basic exemption limit, applicable for resident individuals (AY 2023-24).

CBDT amends IT Rules to allow declaration in Form 15H for payment of certain income without TDS from a senior citizen whose income is higher than the basic exemption …