Do I need to pay tax if my income goes even one rupee over Rs 12 lakh?
Yes, it is. You get a Standard Deduction of Rs 75,000 — but only if you’re salaried or a pensioner choosing the new tax ...
The Free Press Journal27d
Bombay HC Paves Way For Eligible Taxpayers To Claim Section 87A Rebate For 2024-25 And Beyond
Mumbai: The Bombay High Court has paved the way for eligible taxpayers to claim the rebate under Section 87A of the Income Tax Act, 1961, for the assessment year 2024-25 and beyond. A bench of ...
Tax Guru19h
All about Income Tax / TDS Deduction from Salaries for FY 2024-25
Amendments made vide the Finance (No. 2) Act of 2024, Finance (No. 1) Act of 2024 and Finance Act of 2023 in respect of rates ...
Business Today13d
Zero tax till Rs 12 lakh: What's difference between rebate under Section 87A, exemptions & deductions?
As per Section 87A of the Income Tax Act, a tax rebate is provided to individuals earning below a certain threshold to reduce their total tax liability. This rebate is claimed from the overall tax ...
Hosted on MSN20d
87A rebate will fail to make your tax nil despite income below Rs 12 lakh in these cases, Budget 2025
You will end up paying income tax despite income under Rs 12 lakh if it includes special rate incomes as 87A rebate will not help to make the tax liability zero. Budget 2025 has now specified that ...
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87A Brookside Circuit, Ormeau QLD 4208
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Good e-Reader19d
E INK Smart Phones
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Indiatimes24d
Taxpayers can now claim 87A tax rebate on special income as ITR utility software has been fixed; but it's subject to disputes and litigations
Final judgement on 87A tax rebate claim: The 67 page Bombay High Court judgement says yes taxpayers should be given the option to file their ITR with Section 87A rebate claim and the income tax ...
Indiatimes20d
No tax for up to Rs 12.75 lakh income for salaried under new tax regime as Section 87A tax rebate hiked in Budget 2025
7,00,000 to Rs. 12,00,000 and the limit of rebate in clause (a) of first proviso to section 87A from Rs. 25,000 to Rs. 60,000. (ii) rationalise the first proviso to section 87A by inserting a new ...
Bar & Bench27d
Bombay High Court clears path for taxpayers to claim Section 87A rebate
The Bombay High Court on Friday cleared the path for eligible taxpayers to claim the rebate under Section 87A of the Income Tax Act, 1961 for the assessment year 2024-25 and beyond, months after a ...