Unsure whether to opt for the new or old tax regime while filing your ITR? Your decision should be based on factors like ...

Out of these taxpayers, those whose income is between ₹ 1-5 crore is a whopping 3.89 lakh, while those with income between ₹ 1-5 crore are over 36,274, reveals the income tax department's (ITD) data ...

The income tax department has listed such individuals with undisclosed income subject to income tax and accordingly, the ...

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 ...

Proposed new tax regime will be implemented from April 1, 2025, where income up to Rs 12,75,000 is tax-free for ...

For business and professional taxpayers, switching tax regimes is more restricted. Once they opt for the new tax regime, they cannot freely switch back and forth.

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

With the Income Tax Department enabling more banks to facilitate tax payments, taxpayers can pay their regular income tax, ...

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

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 ...