Income Tax

New financial year starts from today

New financial year 2024-25 is going to begin from today. Meanwhile, know which rules are going to change from today.

Apr 01, 2024, 08:02 AM IST

Using HRA To Save Income Tax? Why It Isn't A Good Idea Anymore

The Income Tax Department is actively identifying individuals involved in fraudulent tax deductions. 

Mar 30, 2024, 15:38 PM IST

New Tax Regime: Consider These Deductions For Optimal Savings

Despite fewer deductions, certain allowances and exemptions remain available under the new tax regime. These are mentioned below.

Mar 23, 2024, 14:03 PM IST

Explainer: Should Ultra Rich Pay Higher Tax? Check Why This Topic Is Gaining Momentum

Let's delve deep into whether the rich pay super tax and the reason why it sparks debate.

Mar 22, 2024, 15:19 PM IST

Advance Income Tax Deadline Today: Check What It Is, Who Needs To Pay, & How To Pay

Eligible taxpayers must make advance income tax payments in four installments throughout the financial year.

Mar 15, 2024, 10:06 AM IST

I-T Department Uncovers Cases Of Inadequate Tax Payments; Check Deadline Date For Payment

Persons/entities who are not registered on the e-filing website have to first register themselves on the e-filing website.

Mar 10, 2024, 14:37 PM IST

10 Countries With The Highest Income Tax Rates

Check out list of 10 Countries In The World where there is high Income Tax

Mar 01, 2024, 10:49 AM IST

10 Countries In The World With Zero Income Tax

Check out list of 10 Countries In The World With where there is Zero Income Tax

Feb 28, 2024, 15:57 PM IST

Got Notice For Mismatch Of Transaction Amount Shown In ITR? Income Tax Department Offers Solution For Taxpayers

Taxpayers are being informed of ITR mismatch through SMS and emails as per details available with Income Tax Department.

 

Feb 27, 2024, 09:40 AM IST

'Financial Terrorism': Congress Slams Modi Govt After Rs 65 Crore Deducted From Account By Tax Department

Congress general secy KC Venugopal said that over 65 crore rupees were deducted from the accounts of AICC, IYC, and NSUI.

Feb 22, 2024, 16:41 PM IST

Want To Save Money On Taxed Income? Check THESE 5 Tax-Saving Instrument

These investments may help lower your taxed income. Check top tax-saving instruments here.

Feb 18, 2024, 10:40 AM IST

Direct Tax Collections At 80.23% Of Total Revised Estimates Of Direct Taxes For FY 23-24

Refunds amounting to Rs. 2.77 lakh crore have been issued during 1st April, 2023 to 10thFebruary, 2024.

Feb 12, 2024, 09:25 AM IST

Income Tax Payers Alert! e-Filing Portal To Be Down For THESE Days --Check Date, Timings

Taxpayer services on the e-filing portal will be restricted for three days starting tomorrow, the Income Tax department has said.

Feb 02, 2024, 09:41 AM IST

Number Of Income Tax Filers Increases To Over Eight Crore: President Murmu During Budget Session

She also emphasized the government's efforts to improve the business environment in India.

Jan 31, 2024, 14:35 PM IST

Interim Budget 2024: Allow Deductions Under New Tax Regime To Increase Acceptance Among Salaried Class

Most Indian taxpayers have the habit of initially investing their savings in investment avenues that provide tax deductions under Section 80C .

Jan 25, 2024, 13:11 PM IST

Record 8.18 Crore ITRs Filed For Assessment Year 2023-2024 Till Dec 31: Finance Ministry

The Ministry of Finance also today said that a large number of taxpayers did their due diligence by comparing data of their financial transactions by viewing their Annual Information Statement (AIS) and Taxpayer Information Summary (TIS). 

Jan 01, 2024, 20:30 PM IST

Tax Season Is Here! What Is Discard Return? How To Avail It? Check Here

The "Discard" option comes as a solution for individuals who may have inadvertently submitted incorrect information while filing their ITRs.

Dec 29, 2023, 11:33 AM IST

Tax Season Is Here: Check Effective Ways To Save Money On Your Hard-Earned Income

Opportunities to save taxes and lower their overall tax liability are always welcomed by income taxpayers.

Dec 25, 2023, 11:30 AM IST

IT Department Seizes Rs 220 Crore

The Income Tax Department team has raided several locations of Congress Rajya Sabha MP Dheeraj Sahu. These raids have taken place in different states. During the raid, the Income Tax Department team found crores of rupees in cash.

Dec 09, 2023, 02:14 AM IST