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About 6 cr ITRs filed for FY24; 70% under new tax regime
Addressing the post-budget session of PHD Chamber of Commerce and Industry, Malhotra said there wer…
PTI
Confused about the new tax regime? Here's when you should opt for it
The new regime was introduced in budget 2020 to simplify taxation, and offer lower rates of taxes c…
ITR filing: Documents you need to file your income tax return
If you've paid premiums for a life or health insurance policy during the year, or invested in ELSS …
Budget 2024-25: New tax regime sweetened by FM, hikes standard deduction to Rs 75,000
More than two-thirds of taxpayers have availed of the new Income Tax regime, as per Nirmala Sithar…
All you need to know about the new tax regime
The new tax regime was introduced in Budget 2020 as a means to simplify tax calculations and offer …
Decoding Form 16: How do you file your taxes if you don't get Form 16?
While you can still download Form-16, there's another, manual way to figure out your tax liability.…
Union Budget 2024: A handy FAQ guide to decode the upcoming budget
Weeks before the budget presentation, the finance minister also meets representatives from vario…
Budget 2024: Increase standard deduction, exemptions and more, an aam aadmi's wishlist
Note that unless you specifically opt for the old regime, the new tax regime is considered as your …
New business owners could get a $50,000 tax deduction under Kamala Harris's plan
Kamala Harris's next big economic proposal hinges on making it easier for you to start a small busi…
Juliana Kaplan
ITR Filing: Today is the last day to file your income tax returns, so file today to avoid penalties
You will have to pay a penalty of Rs. 1,000 if your total annual taxable income is below Rs 5,00,00…
Provisions of TDS/TCS, in case of death of deductee or collectee relaxed by govt
On April 23, 2024, CBDT extended the date for linking of PAN and Aadhaar May for the taxpayers (for…
ANI
Important dates to remember while filing your ITR this time!
13 days from now, i.e., 31st July 2024 is the last date for salaried individuals, non-resident Indi…
Modi 3.0 1st Budget: Tax relief for middle class, Rs 2 lakh cr job scheme
With rural distress and unemployment being blamed for BJP losing its majority, Sitharaman in her se…
PTI
Continue 45-day MSME payment rule: Industry body to Finance Minister Nirmala Sitharaman
According to Section 43B(h) of the Income Tax Act, introduced through the Finance Act 2023, if a la…
PTI
Govt may relax 45-day payment rule for MSMEs in Budget 2024
According to Section 43B(h) of the Income Tax Act, introduced through the Finance Act 2023, if a la…
PTI
Opted for the new tax regime? Here are the allowances and deductions you can still avail
Budget 2020 introduced the new tax regime for FY 2020-21 in addition to the old tax regime. FY 2020…
Home loan tax deductions: Self-occupied vs rented, the differences
Buying a home is undoubtedly one of the biggest financial commitments in one’s life. And since it i…
Received a tax mismatch notice from the IT department? Here is how to set it right
An income tax mismatch notice can happen due to several reasons. In an increasingly digital world, …
What a Trump or Harris presidency would mean for your tax bill
BI looked at how Harris and Trump's tax policies could impact high- and low-income earners, as well…