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53% of FY24 I-T collected till Oct 9
The collection appears all the more remarkable since it comes on the back of a lacklustre performance on the corporate tax front
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No Taxable income? File Nil ITR for these benefits
If your income does not come under the purview of tax, then it is not necessary for you to fill ITR. However, there is no harm in filing ITR. The adva
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First-time ITR filers keep these in mind
There are a lot things that a first-timer shoud keep in mind before filing income-tax returns
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Even consultants allowed to switch tax regime
The CBDT has issued a notification stating that consultants and professionals with business income can continue with the existing tax system starting
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Confused about tax regimes, read on to choose the right one
For tax saving and financial planning to go hand in hand you need to make a blueprint for it
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No income tax on earning up to 7 lakh
This system was introduced in the budget of the year 2020. This regime offers lower tax rates for taxpayers who do not avail rebates and deductions.
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Income tax: How to choose between old vs new tax regime
The taxpayers now have two tax regimes - new and old - to choose from. Here's how you can select from the two.
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Old tax regime versus new: Which one works better for you?
The old tax structure is complicated, while tax rate are high, there are numerous strategies for lowering your tax liability
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Old vs new tax regime: Which is better for you?
Income Tax news: In both, if your income is less than Rs 5 lakh per annum, then you will get a rebate of Rs 12,500
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Five Income Tax rules to consider at the beginning of the fiscal year
The new financial year begins on April 1 and it is that time of the year to do your tax planning
