With the Budget scheduled to be released on Feb 1, 2025 and the new tax regime being the focus of the government, major ...

7,00,000 5% (Tax Rebate u/s 87A up to Rs 7 lakh) Rs. 7,00,001 ... However, a taxpayer can choose any tax regime while filing ITR. The option of choosing any tax regime while filing ITR is available if ...

Also read ITR-1: Key Differences between the Old and New Tax Regime ... 7 lakhs under the new tax regime. Notably, the Section 87A rebate applies under the old and new income tax regimes, ensuring ...

For “non-business cases," taxpayers can elect their preferred tax regime each year by selecting the option in their Income ...

While such gifts are legally exempt from tax under certain conditions, the lack of a designated reporting section in income tax return (ITR) forms has created confusion and led to unnecessary ...

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House G.O.P. Floats Medicaid Cuts and More to Finance Trump’s Huge Agenda President Trump wants a massive tax cut and immigration crackdown bill. Republicans must decide what to cut to help pay ...

Ukrainian forces described a different kind of enemy, fighting with unfamiliar tactics and little option to retreat. By Marc Santora and Helene Cooper Rupert Murdoch’s News Group Newspapers ...

One in 12 children globally faces online sexual abuse: Lancet study Approximately one in 12 children worldwide experienced online sexual abuse in the past year, according to a study published in ...

The USDA’s National Institute of Food and Agriculture (NIFA) is investing $14 million to support food safety research, outreach and workforce training. The investment will fund research and ...

Trump faces a challenge: US foes have become more unified following Russia's invasion of Ukraine United Statescategory Hundreds of Capitol rioters released from prison after Trump's sweeping ...