In the Union Budget 2026, the Section 87A tax rebate, given in Income Tax,remain unchanged, disappointing taxpayers who had hoped for an increase to boost consumption and ease the burden on middle-income individuals. Thus, like for FY 2025-26, under the new tax regime, resident individuals with net taxable income up to Rs 12 lakh can…
The standard deduction limit varies depending on the tax regime that salaried taxpayers opt for. (AI image) Budget 2026 income tax expectations: Standard deduction is seen as a much needed relief for taxpayers – it’s a simple, straightforward deduction from your gross income – a fixed amount that allows salaried taxpayers and pensioners to reduce…
US President Donald Trump on Saturday called for an end to Ayatollah Ali Khamenei’s 37-year reign, saying, “It’s time to look for new leadership in Iran,” in comments to POLITICO.Trump made the remarks as widespread protests calling for an end to the regime appeared to have waned, after thousands of protesters across the country were…