regime. The net income becomes ₹ 5 lakhs and thus, eligible for the section 87A rebate - hence no taxes. Similarly, in the new regime, if you deduct the newly introduced standard deduction from the ₹ 7.5 lakhs, net taxable income becomes ₹ 7 lakhs, which is the new tax-free ...
To APPRECIATE the Determination of an Independent Women iSPEEDTax has Taken a Step Forward in Providing Free Income Tax Return Services for all Working Women below the age of 25 years. Start Now Start Now Expert e-filing For Senior Citizens ...
The earnings of China’s elderly care, childcare, and domestic services industries will now be exempt from value added tax (VAT) and will enjoy a 10 percent deduction in taxable income. The period of implementation is currently fixed at between June 1, 2019 and the end of 2025 – for a ...
Did You Know | Senior citizens can get up to Rs30,000 as tax-free incomeBy Staff Writer
Use ET Money's free online income tax calculator to compute your income taxes for FY 2024-25 and FY 2025-26 under both the new and old tax regimes.
he would move to Portugal for one year, where he would withdraw the cash from the company as a dividend, and pay zero tax. The next year he would be free to move back to his previous country or any other country without any questions and be able to repatriate the money to that countr...
Submit a quote or authorize the BOI report through your dedicated user account. A beneficial owner, entity, or authorized representative may also file the BOI report for free through the FinCEN. READ MORE 23dec Categories All Posts Individual Taxes Tax Compliance Business Taxes Tags income ...
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Who is a senior citizen? From Income tax perspective there are two categories of Senior Citizens given below. Senior Citizen: For age of 60-80 years Very Senior Citizen: Above 80 years This has come into effect from FY 2012-13 was suggested in Budget 2011-12. Before FY 2012-13 age limi...
Try for free Schedule a demo → Frequently Asked Questions Who should file an ITR? An individual whose annual income is more than the basic exemption limit of Rs 2.5 lakh should file an ITR. The basic exemption limit for senior citizens (60 years onwards and less than 80 years) is Rs...