New tax regime: Rs 60,000 rebate applies only to normal income, not short-term capital gains

For determining eligibility for Section 87A under the new regime, only normal income is considered and income taxed at ...

Where's my refund? ANCHOR, inflation check, IRS direct deposit status

Where's my tax refund, IRS direct deposit or how to check NJ ANCHOR rebate or NY inflation refunds status? Here's what to ...

Budget 2026 FAQs: How Sitharaman’s Budgets changed Income Tax slabs from 2019 to 2025, and what to expect this year

Union Budget 2025 introduced revised income tax slabs under the new regime, exempting income up to Rs 12 lakh. For salaried ...

Your wrong tax refund claim can raise a red flag leading to tax notices and even jail in case of under-reporting of income; here’s how to avoid it

Employees who attempt to cheat the system with bogus tax deductions risk facing severe repercussions. The Income-Tax ...
Mathrubhumi English

Income below ₹12 lakh? You still get the ₹60k rebate in the new tax regime, even with capital gains

Experts clarified that since the person’s normal income stays below the ₹12-lakh limit, they fully qualify for the ₹60,000 ...