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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
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
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…
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…
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.…
Link PAN with Aadhaar by May 31 to avoid double TDS deduction: Income Tax Department
The income tax department on Tuesday asked taxpayers to link PAN with Aadhaar by May 31 to avoid ta…
PTI
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 …
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…
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…
DBS Bank says it deducted 27% salary of its CEO Gupta for tech glitches in 2023
The salary of DBS Bank's Indian origin chief executive Piyush Gupta was cut by a hefty 27 per cent …
PTI
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…
Catch 22: Senior citizens can strategize and reduce their health insurance premiums but should they?
Health insurance is indispensable in the modern age as it offers financial security during medical …
Made a mistake while filing tax returns? Here’s how to file a revised ITR
The process of revising a tax return involves making necessary updates and corrections to a previou…
Changed your job in the last financial year? Here’s how to get your tax filing in place
If you have changed your job recently, any time before 31 March 2023, you need to be more careful w…
Buying travel insurance? Here are 5 mistakes you should avoid
When booking a trip, we plan for destinations to visit, where to stay, what to do, what to eat, wha…
ITR filing: Your guide to Form 26AS and why you should check for TDS discrepancies
To check if your employer has deducted TDS, follow these steps. First, register on the Income Tax D…
Onus of deducting TCS on standalone overseas hotel bookings should be on banks: MakeMyTrip
MakeMyTrip, an online travel service provider, believes that banks should be responsible for deduct…
PTI
Decoding Section 80D: The healthcare-related tax deductions available to you
When we think of financial planning, we think of investments, tax planning, retirement planning, an…