Nearly 10 million people will benefit from the increase in the rebate limit for those earning up to Rs 12 lakh.' 'We expect ...

A taxpayer in the new regime with an income of Rs 12 lakh will get a benefit of `Rs 80,000 in tax. Read big takeaways ...

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Young Kevin is a member of India’s proud and hard-working middle class—educated, employed and aspirational. At a conference this week, he asked, “Will there be ...

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What is a tax rebate, and why does it matter? A tax rebate is like getting a cashback on your taxes. It reduces your overall tax liability, which means you either pay less tax or get a refund if ...

The government has requested the International Monetary Fund (IMF) to allow it to restore the 25% income tax rebate for teachers and researchers, which was suddenly imposed on educators after tax ...

We continue to place emphasis on the multiplier effect that capital expenditure done by the government has shown, said FM ...

How much tax do I have to pay? Calculate now At the heart of the confusion lie two terms: rebate and marginal relief. Simply put, a rebate is a deduction that eliminates tax liability for ...