Tue, Dec 17, 2024
Minister of State for Finance Pankaj Chaudhary said there is an increase in filing ITR with over 8.09 crore income tax returns were filed in fiscal 2023-24, up from over 7.40 crore in 2022-23. In FY22, the number of ITRs filed was over 6.96 crore, up from over 6.72 crore in FY21 and over 6.48 crore in FY20.
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Wed, Nov 13, 2024
There has been a significant increase in income tax compliance in the country with more than five-fold growth in the Rs 50 lakh-plus income category, according to sources.
Sat, Oct 26, 2024
ITR Filing Deadline Extend: The income tax department has announced a 15-day extension for corporates to file their income tax returns, moving the deadline to November 15 for the assessment year 2024-25.
Fri, Mar 20, 2020
Income Tax e-payment: ITR refund can be filed if income does not exceed the exemption limit due to TDS or advance tax payment.
Thu, Mar 19, 2020
Income Tax Mistakes to Avoid: ITR filing is one of the most important responsibilities of an earning individual.
Wed, Mar 18, 2020
Income Tax Alert: Every earning individual must file Income Tax Return (ITR), if the income is above Rs 2.5 lakh per annum.
Sat, Mar 14, 2020
Income Tax Slabs: In both income tax options, an earning individual's basic income tax slab is Rs 2.5 lakh per annum, say experts.
Thu, Mar 12, 2020
Income Tax return (ITR) filing: Investment is essential to growing wealth with time, and one must focus on both short and long-term financial goals to secure one’s financial future.
Sat, Feb 22, 2020
Home Loan Calculator: A home loan borrower in income tax slabs 2019-20 can claim tax rebate available under Section 80C, Section 24b and Section 80EEA.
Income Tax Slabs for FY2019-20: One should use a new income tax calculator and then decide which option is better suited for them.
Sat, Feb 15, 2020
New income tax slab 2020-21: A taxpayer earning Rs 15 lakh per annum, old income tax slab is better, says tax and investment experts.
Tue, Feb 04, 2020
Income Tax Calculator 2020: Those in the lower-income group, Rs 8-10 lakh per annum, should asses their fund flow and investment through this calculator.
Thu, Jan 30, 2020
Home Loan Benefit: A home loan borrower must know the income tax rebate available under Section 80C, Section 24b and Section 80EEA.
Fri, Jan 24, 2020
Your tax liability could be a substantial part of the money outgo and could be crucial in determining your net worth.
Wed, Jan 22, 2020
Expectations of income tax relief from the government in the Budget 2020 along with relief in longterm capital gains tax. The government also needs to simplify investment rules, Deena Mehta says
Tue, Jan 14, 2020
Middle class wants a higher income tax exemption for their incomes from the government, this Budget 2020
Sat, Jan 11, 2020
While there are many investment instruments that can give you great tax-saving options, we pick the top five for you
Fri, Jan 10, 2020
ITR filing Alert: The Income Tax Department has reversed its decision to change ITR filing rules for some taxpayers. These may cause hardships, see if you are impacted and how.
Wed, Jan 08, 2020
Income Tax Return Filing: In the case of changed norms, these taxpayers cannot file ITR-1 form from 2020 or in AY2020-21.
Tue, Jan 07, 2020
Income Tax Return: The Central Board of Direct Taxes (CBDT) has notified two Income Tax return (ITR) forms for the assessment year of 2020-21 recently. The two forms issued are - ITR-1 and ITR-4. The ongoing financial year will end of March 31, 2020.
Mon, Dec 23, 2019
Income Tax Return penalty: While you can file the income tax returns on or before March 31, 2020 - a late fee will be levied on those who decide to complete the process after December 31, 2019 - the deadline set by the income tax return department for filing belated income tax return (ITR 2018-19).
Thu, Dec 19, 2019
Budget 2020: In a big boost to individual income taxpayers, the Modi government may announce major tax cuts for an earning individual.
Tue, Dec 10, 2019
Income tax outgo can be saved by an earning individual if he or she takes advantage of these tips and thereby save money.
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