For business and professional taxpayers, switching tax regimes is more restricted. Once they opt for the new tax regime, they ...

This article discusses the top mistakes taxpayers make concerning PAN when e-filing returns and simple tips to avoid them.

Form 16 provides details of the deducted tax amount and submission date and helps in ITR filing by ensuring accurate income ...

From UAN activation to Updated ITR filing, several important personal finance deadlines are approaching in March, 2025. Read ...

Income Tax Returns: It is always advisable for taxpayers ... and remain open till July 31. The deadline for ITR filing is July 31.(Reuters) While ITR filing can be done online, some people might ...

For individuals below 60 years of age: The basic exemption limit is ₹2,50,000. For senior citizens (60 years or above but below 80 years): The exemption limit is ₹3,00,000. For super senior citizens ...

The tax authorities use a risk management strategy (RMS) to flag high-risk non-filers, said the department.  This system ...

However, the choice of tax regime can be made only before the due date of filing the income tax return (ITR). "An individual with non-business income can switch between the new and old tax regimes ...

Don’t let last-minute tax filing cost you money! From choosing the wrong ITR form to missing deductions, here are the biggest ...

Taxpayers have just over a month to claim refunds and credits before they are gone forever, the IRS is warning.