No changes have been announced by the finance minister Nirmala Sitharaman in the income tax slab rates in interim Budget 2024 ...

Section 50AA taxes specified debt mutual fund units acquired on or after 1 April 2023 at slab rates, regardless of holding period, without ...

The ₹12 lakh rebate under the new tax regime applies to income taxed under slab rates. Taxpayers with equity LTCG, crypto gains or lottery winnings may still have tax liability despite earning below ...

Salaried employees face a crucial tax decision between old and new regimes. The new tax regime offers lower tax liability ...

Under the Income Tax Act, a senior citizen is defined as a resident individual aged 60 years or older, but less than 80 years during the previous year. A super senior citizen is a resident who is 80 ...

Explains how Section 87A rebate and marginal relief operate above Rs. 12 lakh under the new tax regime for FY 2025-26, with calculation ...