Low-income tax filers and families should especially take a close look at tax credits while they file their tax returns. The ...

During AY 2022-23, over 2.69 lakh entities, including individuals, companies, firms and trusts, have shown total income ... arises based on Income level and not on actual tax liability payable.

Finance Minister Nirmala Sitharaman announced new tax slabs in the new tax regime 2025, so there will be no income tax for ...

About 66.5 per cent of the income tax return filers ... In FY20, the number of return filers with zero tax liability was 2.9 crore or 44.75 per cent of the total filers. Now, the number and ...

As per the present tax laws ... file his ITR even if his tax liability is Nil. The one situation which might apply to you is a situation where your gross total income before various deductions ...

Rs 1 lakh TDS threshold for senior citizens on fixed deposit interest reduces procedural hassles but doesn't exempt them from ...

To include more taxpayers within the income tax framework, the scope of Tax Deducted at Source (TDS) and Tax Collected at ...

An updated tax return, filed as per Section 139(8A), permits taxpayers to correct omitted or inaccurate income declarations.

tax liability is minimized through calculated relief, ensuring fair treatment for higher earners. Budget 2025 income tax: The total income till which marginal relief is available is near about Rs.

The individual has never filed an ITR due to nil tax liability but now needs to for a home loan. They plan to file online, have doubts about income reporting and deductions, and must file ITR for only ...

After Finance Minister Nirmala Sitharaman presented the 2025-26 Union Budget in the Lok Sabha on Saturday, it is time to know ...

11:00 (IST) Feb 02 Income Tax Slabs 2025 Live: What is the maximum total income for which tax liability for individual taxpayers is NIL? According to Budget 2025, in the proposed new tax regime ...