Form 16 is a certificate provided by an employer to employees, which includes the details of the employee’s salary and the ...

December 31 is the deadline for filing revised or belated ITR for FY 2021-22. The last chance for filing late returns comes with a penalty, however, no penalty will be levied on revised returns.

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

ITR filing 2025: The choice between the old and new tax regimes depends on clearly understanding the available benefits.(Pixabay) ITR filing 2025: The decision between the old and new tax regimes ...

For taxpayers without business income: They can simply select the old tax regime while filing their ITR and have the flexibility to choose between the two regimes every year.

The important question in the minds of taxpayers is: do they still have to file their income tax returns if their income is below Rs 12 lakh? ITR filing: The zero-tax income threshold has been ...

This means if you chose the new tax regime last year, you can switch to the old one this year. However, you must decide before the ITR filing deadline (July 31, 2025). According to the Income Tax ...

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

To avail of this benefit, taxpayers simply need to file their Income Tax Return (ITR) as usual — no additional steps are required. Previously, individuals earning Rs 12 lakh per year would ...

IT department can levy up to 50 per cent penalty ITR Last Date: The last date for filing the late Income Tax Return (ITR) is approaching fast. For the year 2020-21 (AY 2021-22), the last date is ...

Filing your income tax return requires careful consideration of both the old and new tax regimes. A comparison of tax computations under both regimes will help determine which one results in lower ...

In case you have missed filing your ITR by the July 31 deadline, you can file a belated ITR. You need to file an ITR under ‘section 139(1)’ of the Income-tax Act, whereas, in case of a belated ...