From FY2025-2026, salaried individuals earning up to Rs 12 lakh may no longer need old tax regime deductions. With income now ...

Those earning below Rs 7 lakh can claim Section 87A tax rebate for STCG income under new tax regime, rules ITAT Ahmedabad ...

The decision in the case of Miss Jayshreeben could impact individuals whose income falls below the ₹7 lakh threshold but ...

Those with taxable income of Rs 12.75 lakh or less can get a tax rebate of up to Rs 60,000, bringing their tax down to zero.

With the 10% hike, the salary will cross the rebate threshold of ₹12 lakh under the new tax regime. "The Section 87A rebate, which previously lowered the tax liability to zero f ...

Ahmedabad: Filed your ITR and surprised by a tax bill despite being under the Rs 7 lakh limit under the new tax regime? You're not alone. The income t.

Salaried taxpayers can get up to Rs 75,000 standard deduction on their salary under Section 87A of the Income Tax Act, 1961.

A new version of the Income Tax Bill, 2025 was presented in India’s Parliament on August 11, 2025, just three days after the ...

Section 87A rebate allows an salaried individual to not pay any tax for income up to Rs 12.75 lakh but this rebate is not ...

Chartered Accountant Abhas Halakhandi, writing on X (formerly known as Twitter) has recently brought attention to a concern ...

With the due date for filing income tax return (ITR) approaching, taxpayers are in a state of confusion regarding the rebate under Section 87A of the Income Tax Act. One of the main reasons for this ...

With income up to Rs 12 lakh now eligible for a rebate under Section 87A, many senior citizens may end up paying zero tax under the new regime in FY2025-26. Interest income from fixed deposits and ...