You will have to pay a penalty of Rs. 1,000 if your total annual taxable income is below Rs 5,00,0…

As per official data, about 6 crore ITRs have already been filed so far, and around 70% of them hav…

The new regime was introduced in budget 2020 to simplify taxation, and offer lower rates of taxes c…

It's time to file your ITRs! While the deadline is 31st July, it's best to not put off filing your …

The new tax regime was introduced in Budget 2020 as a means to simplify tax calculations and offer …

With rural distress and unemployment being blamed for BJP losing its majority, Sitharaman in her se…

While you can still download Form-16, there's another, manual way to figure out your tax liability.…

The Cost Inflation Index (CII) for fiscal year 2024-25 is 363, used by taxpayers to calculate long-…

​​Malhotra explained the government's rationale behind this proviso, noting that buyback does not f…

The Finance Bill 2024 was passed by Lok Sabha on Wednesday evening with a few amendments moved by t…

Asking the government to roll back the proposal, Chadha, while taking part in the discussion on the…

Finance Minister Nirmala Sitharaman, during the 2023-24 Budget, announced that the new tax regime h…

An upward revision in income tax slabs and a continued push on capital expenditure investments emer…

You are a non resident Indian (NRI) if you live abroad. More specifically, you are classified as "n…

Incomes of all kinds are taxable. While a few financially sound people understand the tax calculati…

The Income Tax Act provides provisions for offsetting and carrying forward losses. Offsetting invol…

If you have changed your job recently, any time before 31 March 2023, you need to be more careful w…

If you are employed, and receive a house rent allowance (HRA) as part of your salary, you have the …

HRA exemption is available only if you are living in a rented house and opt for the old tax regime.…

Moonlighting is the act of engaging in a secondary job or additional work alongside one's primary e…