Income

ITR Filing: Essential income tax exemptions and deductions every taxpayer should know

Certain allowances are exempt from income tax up to certain thresholds. This essentially lowers your taxable income, which in turn…

5 months ago

Budget 2024: Will Finance Minister Nirmala Sitharaman increase income tax exemption limit?

Finance Minister Nirmala Sithraman's Budget 2024 has raised many expectations since this is the start of the third term for…

5 months ago

Changing jobs often? Here’s why Form 16 is critical for your income tax return

Form 16 holds significant importance for employed individuals in India during the income tax filing process. It includes comprehensive information…

5 months ago

Income Tax Return: How to easily access and review your Annual Information Statement with a click

The deadline for filing ITRs for the financial year 2023-24 (Assessment year 2024-25) is July 31, 2024. With just over…

5 months ago

Income tax return filing 2024: Who is required to file ITR?

Filing your income tax return and discharging appropriate tax liability are two different responsibilities that must be discharged appropriately. This…

5 months ago

Budget 2024: Government may hike exemption limit under new income tax regime to ₹5 lakh, says report

The Indian government is considering to lower certain personal income tax rates, multiple government officials were quoted as saying by…

5 months ago

Income Tax Filing 2024: What to do if Form 16 data mismatches ITR prefilled form?

Tax deducted under Sections 192 to 195 of theIncome Tax Act, typically by employers, necessitates issuance of a certificate (most…

5 months ago

Budget 2024 income tax expectations: Modi government may lower personal tax rates, says report – top 5 points

Budget 2024 income tax expectations: The Modi government is mulling over the possibility of reducing personal tax rates for specific…

5 months ago

Form 26 AS: Filing Income Tax Return? Know why Form 26AS is important & how to download it

What is Form 26 AS in income tax return filing? Form 26AS is an important document when it comes to…

5 months ago

Income Tax Return: What are the alternatives to Form 16 that can be used while filing ITR?

July 31, 2024, is the deadline for submitting Income Tax Returns (ITRs) for the Assessment Year (AY) 2024–2025. Before submitting…

5 months ago

Income Tax Filing: 10 necessary guidelines that you must be aware of

Pre-filled ITRs: The Income Tax Department automatically populates tax return forms with information obtained from employers, banks, and investment entities.…

5 months ago

Farmers’ income, food security in focus as new ministers take charge

NEW DELHI:Shivraj Chouhan, who took charge as the Union agriculture and farmers’ welfare minister in the new Narendra Modi administration,…

5 months ago

Income Tax Return: How to maximise your tax refunds while filing ITR?

Availing of necessary deductions and exemptionsTaxpayers should use all available deductions and exemptions to reduce their tax liability. Examining the…

5 months ago

Applying for a personal loan? Here are essential dos and don’ts you must keep in mind

Personal loans have emerged as one of the fastest growing segments for banks. With abundant liquidity, banks are chasing customers…

5 months ago

Income Tax Return filing: Salaried individuals need to be aware of these 5 key points

If you are a salaried income tax payer, the process to file income tax return is quite simple, to say…

5 months ago

Income Tax Return filing: 60 days to go! A lowdown on the tax forms you can opt for

As the deadline of July 31 to file income tax return (ITR) for FY 24 draws closer, taxpayers are expected…

5 months ago

Aadhaar-PAN link: Income Tax Department issues step-by-step guide to avoid higher TDS. Check here

Aadhaar-PAN link: The Income Tax Department has recently issued a detailed guide outlining step-by-step instructions on how individuals can link…

5 months ago