How to Use the Tax Calculator for FY 2024-25? You have follow the steps given below to figure out the tax payable on your income for FY 2024-25 or AY 2025-26: Step 1: Provide your basic details Select the financial year from the dropdown menu for which you want to calculate the in...
Customers can also easily download the ITR (Income Tax Return) Forms for AY 2024-25 through the trial software. They can also get income tax return acknowledgement and learn how to get income tax return copies online. Gen IT software also explains the procedure of how to file income tax ret...
(AY 2024-25), the rebate under Section 87A has been increased from Rs. 5 lakhs to Rs. 7 lakhs. Thus, individuals with a net taxable income of up to Rs. 7 lakh can avail tax rebate u/s 87A under the new tax regime. Those who choose to pay tax as per the old regime will be...
Union Budget 2025: New Tax Regime Slab Rates What is the Provision Related to Section 87A of the Income Tax Act? Recalling history in a hurry, Section 87A was inserted in the Finance Act 2003 which has changed from time to time. The present law on rebate of tax entitles a tax rebate...
What's certain heading into 2025, however, is that there will be a new tax bill to extend and/or replace TCJA. And while it may not represent as large of a shift from the status quo as TCJA did in 2017, it could still have tax planning implications for millions of Americans – at ...
How to Use Income Tax Calculator Online for FY 2024-25 & AY 2025-26? You firstly would need to enter your birth details. 1 Further ahead, there will be sections that would require information about your income details such as: Basic salary ...