About 66.5 per cent of the income tax return filers ... In FY20, the number of return filers with zero tax liability was 2.9 crore or 44.75 per cent of the total filers. Now, the number and ...

Rs 1 lakh TDS threshold for senior citizens on fixed deposit interest reduces procedural hassles but doesn't exempt them from ...

To include more taxpayers within the income tax framework, the scope of Tax Deducted at Source (TDS) and Tax Collected at ...

Appeal was partly allowed as ground no. 2 and 3 was dismissed as infructuous.

However, should an individual's taxable income exceed Rs 12 lakh—even marginally—the rebate would be lost entirely, resulting in a notable rise in their tax liability. This is where marginal ...

When computing the total income of capital gains, the set- off provisions needs to be considered. On the sale of depreciable assets, there will always be a short term capital gain or loss. There can ...

Form W-4 is called the Employee's Withholding Certificate. It dictates how much is deducted from your gross income for taxes. Your gross pay is the total ... if your tax situation is a little ...

Millrose Properties and Lennar Corporation started regular-way trading. MRP opened at $23.49, made an intraday high of $27.07 ...

This news release constitutes a "Designated News Release" incorporated by reference in the prospectus supplement dated December 9, 2024 to Fortis' short form base shelf prospectus dated December 9, ...

This change is due to a standard deduction of Rs 75,000, reducing their taxable income to Rs 12 lakh. At this income level, they will receive a rebate of Rs 60,000 under section 87A, resulting in no ...

Explore overview of Income Tax Bill 2025, major tax reform simplifies laws, enhances compliance, & introduces digital ...