The quantum of maximum rebate under Section 87A is ₹12,500. So, in case the total tax before cess is less than ₹12,500 for an ...

At present, small tax-payers with special rate income such as short-term capital gains are unable to claim the rebate under section 87A, even if their income is below the basic exemption limit, as the ...

India's Budget 2025 may potentially abolish the old tax regime. The new tax regime, default since 2020-21, offers simplified, ...

Budget, FM Sitharaman implemented various modifications to the capital gains framework, tax deducted at source (TDS), and ...

If your salary is 15 lakhs and you do not want to pay income tax, then this news can prove to be useful for you. There are ...

Any violation of the above limit attracts heavy penalty. “The penal consequences of violating the mandate above is imposition ...

Fast-growing wildfires raging in Los Angeles killed at least two people on Wednesday, destroying hundreds of buildings, scorching hillsides and prompting officials to order some 70,000 people to ...

A state of emergency has been declared in Russia's western city of Engels, according to the region's governor. It comes after Ukraine said it was behind a drone strike on a Russian oil base in the ...

Copyright 2025 The Associated Press. All Rights Reserved. Mexico’s president on Wednesday responded sarcastically to Donald Trump’s proposal to change the name of ...

Indian diamond trade's promotion of natural diamonds in China, in collaboration with Chow Tai Fook and De Beers, has not boosted sales. Diamond consumption has dropped since the COVID-19 pandemic. The ...

Norwegian Cruise Line launched its new app on January 1, 2025, designed to enhance guest experiences. Instead, it’s facing persistent technical issues.