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

Federal and state tax credits can give you money back for buying an electric car.

Indexation allowed investors to factor in the impact of inflation on their investment over the year…

Addressing the post-budget session of PHD Chamber of Commerce and Industry, Malhotra said there wer…

The total number of ITRs for AY2024-25 filed till July 31, 2024, is more than 7.28 crore.

Budget 2020 introduced the new tax regime for FY 2020-21 in addition to the old tax regime. FY 2020…

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

​More than two-thirds of taxpayers have availed of the new Income Tax regime, as per Nirmala Sithar…

The indexation benefit allowed taxpayers to compute gains arising out of the sale of capital assets…

New Goldman Sachs partner Brittany Boals Moeller leads the bank's strategy with millennial, Gen Z, …

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

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

There has been a marginal increase in the basic tax exemption limit for LTCG. Previously, LTCG of u…

If you've paid premiums for a life or health insurance policy during the year, or invested in ELSS …

13 days from now, i.e., 31st July 2024 is the last date for salaried individuals, non-resident Indi…

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

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

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

Note that unless you specifically opt for the old regime, the new tax regime is considered as your …

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