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Advance tax: When is it due, how much needs to be paid?
Income tax for the year you're earning, needs to be paid in the next financial year, while advance tax needs to be paid during the earning financial y
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Changed jobs? Reconcile Form 16 before ITR filing
When changing jobs in a financial year, employees should share salary details from the previous company to the new company using Form 12B
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Link your Aadhaar-PAN before it’s too late!
If you haven't linked your PAN with Aadhaar by the deadline of June 2023, then your PAN would have become inactive. But you can still file returns.
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Use this index to save taxes on your profit!
Cost Inflation Index is used to calculate the real profit from sale of a capital asset like property, gold, unlisted shares by adjusting to inflation
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Which regime should you choose?
The decision of choosing between the new and old tax regimes hinges on the extent to which deductions from gross total income can reduce your taxabl
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Financial backup for medical treatments
Section 80DDB offers a beneficial tax deduction for medical expenses for treatment of specified diseases.
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Tax waiver of Rs 1 lakh for 1.11 crore taxpayers
According to Central Board of Direct Taxes (CBDT), the cap of Rs 1 lakh includes wealth tax, gift tax and income tax. It is not only pertaining to inc
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Gov may not tax up to Rs 7 lakh in old tax regime: Sources
Currently, individuals earning up to Rs 5 lakh are not liable to pay any income tax.
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Tax revenue target might be relatively modest in FY25
For the current fiscal year, the Centre has budgeted a net tax revenue Rs 23.3 lakh crore.
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No taxes on returns from these bonds!
These bonds usually come with a long-term maturity period, ranging from 10, 15 or even 20 years
