I-T dept launches calculator for information about new tax regime
The new tax regime – the default – offers a basic exemption limit of Rs 3 lakh for all individuals, regardless of age. This ...
New Income Tax Bill 2025: What changes, what remains, and how it may impact taxpayers
One key update is the introduction of a “tax year,” which refers to the 12-month period starting from April 1, effectively ...
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New Income Tax Bill proposes key changes: 23 chapters, 16 schedules, and taxpayer’s charter
The bill is likely to propose expanded definitions related to digital transactions, electronic record-keeping, and ...
New Income Tax bill to be introduced in Parliament tomorrow
Discover the extensive New Income Tax Bill expected to be presented in Parliament, introducing the Income Tax Act with over ...
MS Senate tax cut plan unveiled. See how much it cuts
After several days of proverbial hammering from House members, Lt. Gov. Delbert Hosemann unveiled specifics on the Senate's ...
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CBDT tax calculator: If your annual salary is Rs 15 lakh, which tax regime should you opt for - new tax or old tax?
Tax calculator 2025: The Income Tax Department has introduced ... Additionally, for a salaried individual with a basic salary of Rs 50,000 and an HRA component of Rs 25,000 per month, the assumed ...
Tax deductions and credits may boost your refund. Which ones are available to new filers?
If you’re not sure which ones you may qualify for, here are some common deductions and credits new tax return filers can take.
PPF For Regular Income: How to get Rs 1,20,000/month tax-free income from Public Provident Fund?
Only Indian residents can open a PPF account. It has a minimum tenure of 15 years. The principal amount invested and the ...
To avoid new TDS on interest above Rs 1 lakh how much should senior citizens invest in bank FD
In pay-out type FDs, much like shown in the above table, no TDS will be deducted as the principal and interest amount will ...
IRMAA 2025 For Medicare: What You Need To Know
Medicare beneficiaries with income over a designated amount are required to pay a monthly fee in addition to their Medicare ...
New Income Tax Bill 2025: What are expected changes and how will they affect you?
The government is expected to introduce the Income Tax Bill 2025 on February 13, aiming to simplify tax laws and enhance ...
State Pensioner payments only they can claim - you may be able to get a free passport
There are a number of benefits available to those over State Pension age, as well as discounts on Council Tax, help with ...