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ITR Return Filing: Should you file ITR if your income is less than ₹7 lakh?

If your gross taxable income exceeds basic exemption limit, it is mandatory for you to file an income tax return. But this does not mean you have to pay income tax as there is a tax rebate under section 87A of the Income tax Act, 1961 owing to which you are eligible if your net taxable income does not exceed …

HARTFORD, Conn. — Eligible families can begin applying next month for Connecticut’s new one-year child tax rebate program that’s included in the newly revised state budget, Gov. While any Connecticut resident who claimed at least one dependent child under the age of 18 on their 2021 federal income tax return may be eligible for the rebate, the amounts are dictated …

COLUMBIA, S.C. — The South Carolina Senate unanimously passed a $2 billion income tax cut and rebate bill, setting up what will likely be intense negotiations with the House over the $1 billion tax cut it passed last month. The proposal would send a rebate of at least $100 to everyone who files an income tax return in South Carolina, …

Returning money to California taxpayers may aid state budget

COLUMBIA, S.C. — Everybody who files an income tax return in South Carolina — even the more than 1 million people who pay no state income tax — would get a rebate check of at least $100 in a bill being considered by the state Senate. They make up about half of a $2 billion package that would also cut …