However, there was an exception made for the new slab. Moreover, the exception applies to Senior persons over the age of 75. Those senior individuals who rely heavily on their pensions and other sources of income have been spared from filing tax returns. And, banks will deductTDS (Tax Dedu...
Comment your thoughts about this article on budget slab changes of Indian Budget 2015-16. Also read: Income tax slab changes for Senior Citizens (Men and Women above 60 years of age), but below 80 years Income tax slab changes for Company other than a Domestic Company Income tax slabs chan...
New Tax Regime or the old, choose the one suits you the best! Top class interface to understand the slab-wise tax calculation! Pie charts to understand tax saving opportunity in just a glance! Multiple profiles, choose the one suits you the best!
There are different rates of TDS on FD interest applicable based on whether you are a resident Indian or a non-resident Indians (NRIs). They are as under: For Resident Indians: 10% For Non-Resident Indians: 30% (plus applicable surcharge and cess) Moreover, if you are unable to furnish...
Union Budget 2025-26 – Stay updated with real-time announcements and expert coverage on Taxmann.com. Explore Railway Budget insights, Income Tax Slab Rates, Budget Expectations, and in-depth analysis of FM Sitharaman's speech.
union budget document in the Indian parliament on July 23, 2024. In her speech, Sitharaman announced changes in the capital gains tax for nearly all asset classes. This includes a change in the definition of holding periods for short-term capital gains (STCG) and long-term capital gains (...
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Slab of Income tax for super senior citizens who are 80 years old or more Income SlabTax Rate Income up to Rs. 5,00,000* No Tax Income from Rs. 5,00,000 – Rs. 10,00,000 20% Income more than Rs. 10,00,000 30% * If you are more than 80 years old, then income up to Rs...
Form 15H is a declaration made by senior citizen for Bank to not deduct tax. Tax on FD is calculated by adding interest income from FD as income from other sources to your salary etc and then tax is calculated as per your income slab. ...
Earlier this week, the Supreme Court sought the Indian government’s responses in a plea challenging the constitutional validity of its move tohikethe GST slab for online real money gaming from 18% to 28%, Business Standardreported. The court issued notice in a plea filed by the online real ...