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Tax computation: Does Section 87A apply if my income is Rs 12 lakh, but total income exceeds the limit?

A resident individual earning Rs 15 lakh in FY26, with a split of Rs 12 lakh from rent/interest and Rs 3 lakh from equity ...

The Final Countdown for Retirees with Investment Income

Don’t assume Social Security withholding is enough. Some retirement income may require a quarterly estimated tax payment by ...

Income tax: What is the difference between tax rebate, deduction and exemption? Everything you need to know

Understanding tax terms is crucial as the deadline approaches. Tax rebates provide relief for incomes up to ₹7.75 lakh, ...

Even if you made zero capital gains income from sale of property you still need to pay tax in this situation; CA explains why

Recent changes in India's income tax law, specifically the Finance (No. 2) Act, 2024, impact property sale transactions. Even ...