Marginal relief is provided to resident individuals with income levels between Rs 12 Lakh and Rs 12.75 Lakh. Once an ...

As blue state governors and lawmakers propose making their states more costly places to live and work, their red state ...

Marginal relief is available to resident individuals whose income exceeds ₹12 lakh but does not exceed ₹12.75 lakh. If a ...

Central Board of Direct Taxes (CBDT) has clarified that marginal relief applies to incomes up to Rs 12.75 lakh. This means ...

Ans. Earlier the limit of income for nil tax payment was Rs 7 lac. By increasing this limit to Rs 12 lakh around one crore assessees who were earlier required to pay tax varying from Rs 20,000 to Rs ...

The analytical note, released this week, shows that 6 percent of all New Zealanders, and 30 percent of single parents, face ...

Learn how to create a personalized drawdown strategy that maximizes your retirement income while minimizing your tax burden.

The income tax rates for the assessment years (AY) 2025-26 and 2026-27 remain unchanged across categories. Under Section 115BAC, default rates for individuals and Hindu Undivided Families (HUF) ...

“For a person earning Rs 12,10,000, in the absence of marginal relief, the tax would amount to ₹61,500 (5% of ₹4 lakh + 10% ...