The ITAT ruling highlights the importance of proper income assessment and ensures that CPC errors do not lead to unjust taxation. With this decision, the assessee’s appeal was partly allowed, ...

Form W-4 is called the Employee's Withholding Certificate. It dictates how much is deducted from your gross income for taxes. Your gross pay is the total ... if your tax situation is a little ...

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 ...

Appeal was partly allowed as ground no. 2 and 3 was dismissed as infructuous.

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

Zooey Liao/CNET; Mykola Sosiukin/EyeEm via Getty It's tax season, and if you've received an unfamiliar income form this year ... relief from this tax liability. If the home you sold was your ...

The latest demand imposes a GST liability of Rs 7.47 crore, including tax and penalty, for allegedly availing wrongful input tax credit (ITC) for FY 2017-18, the parent company of Paytm informed ...

Completing your taxes is tricky, especially if you file without the help of tax ... forms, such as a 1099, to report additional income, like money made from freelance or contract work. Total ...

the tax liability shoots up to Rs 61,500 if the taxable income breaches Rs 12 lakh – and hits Rs 12.1 lakh. Thus, an employee having a taxable income of Rs 12.1 lakh takes home Rs 51,500 less than an ...

Revised income tax slabs: Nirmala Sitharaman announced that annual incomes up to ₹12 lakh will be tax-free to stimulate consumption. Revised Income tax slabs: Union finance minister Nirmala ...

BT brings to you an easy-to-use tool that helps in calculating the tax payable on your income for FY 2025-26. It also lets you compare your tax liability under new tax regime and old tax regime.