Certain allowances are exempt from income tax up to certain thresholds. This essentially lowers your taxable income, which in turn…
Finance Minister Nirmala Sithraman's Budget 2024 has raised many expectations since this is the start of the third term for…
Form 16 holds significant importance for employed individuals in India during the income tax filing process. It includes comprehensive information…
The deadline for filing ITRs for the financial year 2023-24 (Assessment year 2024-25) is July 31, 2024. With just over…
Filing your income tax return and discharging appropriate tax liability are two different responsibilities that must be discharged appropriately. This…
The Indian government is considering to lower certain personal income tax rates, multiple government officials were quoted as saying by…
Tax deducted under Sections 192 to 195 of theIncome Tax Act, typically by employers, necessitates issuance of a certificate (most…
Budget 2024 income tax expectations: The Modi government is mulling over the possibility of reducing personal tax rates for specific…
What is Form 26 AS in income tax return filing? Form 26AS is an important document when it comes to…
July 31, 2024, is the deadline for submitting Income Tax Returns (ITRs) for the Assessment Year (AY) 2024–2025. Before submitting…
Pre-filled ITRs: The Income Tax Department automatically populates tax return forms with information obtained from employers, banks, and investment entities.…
NEW DELHI:Shivraj Chouhan, who took charge as the Union agriculture and farmers’ welfare minister in the new Narendra Modi administration,…
Availing of necessary deductions and exemptionsTaxpayers should use all available deductions and exemptions to reduce their tax liability. Examining the…
Personal loans have emerged as one of the fastest growing segments for banks. With abundant liquidity, banks are chasing customers…
If you are a salaried income tax payer, the process to file income tax return is quite simple, to say…
As the deadline of July 31 to file income tax return (ITR) for FY 24 draws closer, taxpayers are expected…
Aadhaar-PAN link: The Income Tax Department has recently issued a detailed guide outlining step-by-step instructions on how individuals can link…