Lower earners can see ‘five-figure refunds' from these tax credits, expert says. Here's who qualifies
The earned income tax credit and additional child tax credit are “refundable,” meaning filers can claim a refund without tax ...
What does no income tax up to ₹12 lakh really mean? Decoding differences between tax rebate, deduction & exemption
Finance Minister Nirmala Sitharaman raised the nil income tax slab to ₹12 lakh for salaried individuals. This entails a tax ...
New Income Tax Bill 2025: What’s new, what may change, and what we can expect?
The new income tax bill will carry forward the same spirit of Nyaya (Hindi word for justice) which was carried in Bharatiya ...
New income tax bill: What it could mean for taxpayers and how it can impact them
Finance Minister Nirmala Sitharaman, while presenting the Union Budget 2025 on February 1, announced that she will table the ...
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Could DOGE End Individual Income Taxes and Eliminate the IRS?
The Department of Government Efficiency has the objective of cutting government spending by $2 trillion per year out of $6.8 ...
Budget 2025: New Income Tax bill will be clear and direct, says Nirmala Sitharaman. What does this mean?
New Income Tax Slabs in Budget 2025: During her presentation of the Union Budget for 2025-26, Finance Minister Nirmala ...
No tax on income up to Rs 12 lakh, but it's a rebate, not an exemption
"By virtue of the rebate only taxpayers with incomes up to Rs 12 lakh under the new regime would not have to pay any tax ...