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Explainer: How will income of Rs 12.75 lakh be tax free in the new tax regime, understand the complete calculation..
Finance Minister Nirmala Sitharaman has given a big relief to the middle class in the budget. She has made annual income up to Rs 12 lakh tax free. If we also include the standard deduction of Rs ...
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Will people with income less than Rs 12 lakh also have to file ITR? New rules come into effect from today
Finance Minister Nirmala Sitharaman has announced in the budget that if your income is Rs 12 lakh per annum, then you will not have to pay any tax. Apart from this, the basic tax exemption has been ...
Income Tax Calculations: Taxpayers get the benefit of marginal relief when they file their income tax return (ITR). In the new tax regime applicable for the income earned in the financial year 2025-26 ...
The government gave a big relief to the taxpayers in the Budget 2025-26 by announcing that income up to Rs 12 lakh annually (and Rs 12.75 lakh with standard deduction of Rs 75,000) will be completely ...
I am a resident individual with a total income of Rs 15 lakh for FY26, comprising: Rs 12 lakh from rent and interest income (taxable at normal slab rates), and Rs 3 lakh from long-term capital gains ...
New Delhi, Dec 29: The fund sharing between the Centre and states under the new VB-G RAM G will be based on normative assessment, and states stand to gain around Rs 17,000 crore when compared to ...
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