Occasionally the simplest and most straightforward of tax cases can prove to have value as revision lessons in law. One such case is that of /Stephen ...

So, the provisions of section 115BBE of Income tax Act. 1961 have been erroneously imposed by Assessing Officer while passing assessment order. Therefore, the Assessment order passed by Assessing ...

The Government of Canada sets the federal income tax rates for individuals. Each province and territory determines their own income tax rates. Provincial or territorial income tax rates apply in ...

The disability tax credit (DTC) is a non-refundable tax credit that helps people with disabilities, or their supporting family member, reduce the amount of income tax they may have to pay. If you have ...

Low-income tax filers and families should especially take a close look at tax credits while they file their tax returns. The ...

The total revenue impact on account of tax benefits extended to companies was Rs. 96,892.39 Crores and Rs. 1,09,333.38 Crores (projected) in FY 2021-22 and FY 2022-23 respectively (Source: Receipt ...

Shalini Jain, Tax Partner, EY, breaks down the key announcements, comparing the new tax slabs with the old, and shows you how much you can save based on your income level. Payer Current threshold to ...

Budget 2025: Finance Minister Nirmala Sitharaman has announced new income tax slabs in the New Tax Regime, with income up to ₹12 lakh exempt from tax.(PTI) In her budget statement, Finance ...

12 lakh will not have to pay any income tax. This is a big relief for taxpayers and especially the middle class. Also, effectively those earning up to Rs 13 lakh will now be able save income tax ...

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In her 8th consecutive Budget speech, Finance Minister Nirmala Sitharaman introduced significant changes to the Income Tax slabs, especially benefiting salaried individuals. As she announced that ...