It is important to note that eligible taxpayers who were previously unable to claim the Section 87A tax rebate can now do so ...

Eligible taxpayers who have income up to Rs 5 lakh/7 lakh can claim tax rebate under section 87A up to Rs 12,500/25,000. The ...

To claim the Section 87A rebate, taxpayers must manually update the tax rebate column in the ITR Excel utility. After editing ...

Certain taxpayers may be eligible for the Earned Income Tax Credit of up to $7,830. Find out if you qualify and what you need ...

The Income Tax Department has released revised Excel utilities for ITR Forms 2 and 3. Additionally, the department has ...

"Taxpayers can currently only file belated or revised returns, excluding new filings that incorporate the 87A rebate. The ...

Even if your return has been processed and you have received a refund or paid any additional tax that may have been demanded, you can revise your return.

The decision comes after the Bombay High Court directed the IT department to extend the due date for claiming the benefit.

Taxpayers should note that these changes will only be implemented on the back end for the ITR-2 and ITR-3 forms.

With updates to ITR forms underway, eligible taxpayers can claim Section 87A rebates through revised filings by the extended ...