Income Tax Expectations for Salaried Taxpayers

– Advertisement – Finance Minister Nirmala Sitharaman presents the Union Budget on February 1. Middle-class taxpayers hope for big news. The clock is ticking. Tomorrow, FM Nirmala Sitharaman will deliver her ninth Union Budget. Specifically, millions of salaried Indians are waiting. Last year, the government made income up to ₹12.75 lakh tax-free. Notably, people now […]

Income Tax: If you are earning from gold and silver, you may be charged this much tax.

– Advertisement – Income Tax: The good news is that tax-saving options exist. If you generate long-term capital gains from selling gold or silver, you can invest the proceeds in residential property and claim tax exemption under Section 54F of the Income Tax Act. Add rightsofemployees.com as a Preferred Source Income Tax: In India, gold […]

Income Tax Act 2025:Biggest Changes & New Rules from April 1

– Advertisement – Starting April 1, 2026, the Income-tax Act, 2025 will replace the 64-year-old Income-tax Act, 1961. This represents the most significant overhaul of India’s direct tax framework in decades, moving toward a simplified, digital-first system that aligns with modern global standards. Add rightsofemployees.com as a Preferred Source Also Read | Republic Day 2026: Online […]

Tax Free Income up to ₹12.75 Lakh

– Advertisement – The rumors are true! India is officially ditching the 64-year-old Income Tax Act of 1961.1 Starting April 1, 2026, the New Income Tax Act, 2025 will take over, bringing a massive digital-first makeover to how you pay your taxes. Add rightsofemployees.com as a Preferred Source If you’ve been dreading tax season, this […]

New 2026 Powers for Income Tax Dept

– Advertisement – The thing is, the Income Tax department is about to get a lot more invasive starting April 1, 2026. Specifically, the new Income Tax Bill, 2025 is swapping old-school raids for a “digital-first” approach. Tax officers won’t just be looking for cash in your cupboards anymore. Add rightsofemployees.com as a Preferred Source […]

Income Certificate Guide:Online Application, Docs & Validity

– Advertisement – Income Certificate: The State-Specific Blueprint Also read |LTCG: The Tax Trap Between Sections 54 and 54F. Phase 1: Eligibility and Documents (The Must-Haves) You have to be a resident of the state where you are applying. That’s the basic requirement. The documents are where things get messy, but they break down into […]

Income Tax Refund: Why are refunds delayed? What should taxpayers do? Learn the full details.

Income Tax Refund: Why are refunds delayed? What should taxpayers do? Learn the full details. – Advertisement – Income Tax Refund: Taxpayers are worried about the delay in their income tax refunds. Some have received ‘Defective Return’ notices, while others’ returns have been ‘Under Processing’ for months. Learn the real reasons for refund delays and […]

Income Tax Portal Update: Now know the complete ITR status report in seconds!

Income Tax Portal Update: Now know the complete ITR status report in seconds! – Advertisement – Income Tax Portal : The Income Tax Department has made changes to its e-filing portal, allowing taxpayers to track the status of their files. This will increase accountability among officials and ensure timely processing of files. The new rule […]

Career Earnings, Wins, and Wealth of the Champion Jockey

As of 2025, Ryan Moore’s net worth is estimated at $20–25 million. This figure reflects not just his race riding percentages but also the value of his retainers with top stables, international appearance fees, and selective sponsorships. Horses ridden by Moore have collectively earned well over $300 million in prize money, and with jockeys typically […]

Ghost Hlubi’s net worth: Income and earnings explained

With an estimated net worth ranging from $190K to $207K, Ghost Hlubi has established himself as a prominent figure in South Africa’s digital landscape. His financial success is largely attributed to his YouTube presence, where he has garnered 1,120,000 subscribers and 156,403,349 video views across 457 uploaded videos. This significant financial achievement has sparked interest […]

Income Tax Filing: Salaried employees must do these 5 things before 15 September

Income Tax Filing: Salaried employees must do these 5 things before 15 September – Advertisement – ITR Filing: Filing ITR seems easy for a salaried person, but leaving out some small things can lead to error, delay or penalty. Therefore, some things must be kept in mind. So that filing is easy and refund can […]

5 Common ITR Filing Mistakes That Can Trigger an Income Tax Notice

– Advertisement – The last date for filing Income Tax Return 2025 is 15 September 2025. Many taxpayers have not yet filed ITR. If you are also among them, then know which 5 mistakes you should avoid while filing ITR. So that action by the Income Tax Department can be avoided. If you make mistakes […]

ITR Deadline Extension: Will the Income Tax Return Filing Date Be Extended Again?

ITR Deadline Extension: Will the Income Tax Return Filing Date Be Extended Again? – Advertisement – Income Tax Return Deadline: Can the date for filing income tax returns be extended? If the demand of Gujarat Chamber of Commerce and Industry (GCCI) is accepted, then taxpayers can get more time to file ITR. GCCI has written […]

PAN Card Services to Be Suspended for 2 Days: Income Tax Department Issues Notice

– Advertisement – If you need to get a PAN card then this news is important for you. The Income Tax Department has recently released an update regarding making instant e-PAN. According to the information, this service will not be available for two days. The Income Tax Department said that this service will be disrupted […]

Income Tax Update: Govt Raises Standard Deduction to ₹75,000 Under New Regime

– Advertisement – The government has amended the Income Tax Act, 1961 to clarify the position regarding the standard deduction of Rs 75,000 in the new regime. The government had announced in the Union Budget 2024 to increase the standard deduction from Rs 50,000 to Rs 75,000 in the new regime. This clarification has also […]

Income Tax Dept Launches ITR-6 Excel Utility: Who Can File Using It?

– Advertisement – The Income Tax Department has released the ITR-6 Excel utility for the financial year 2024-25. Now taxpayers using ITR-6 can file income tax returns (ITR). This form has been updated. The last date for filing income tax returns this year is September 15. Tax experts say that taxpayers should not wait for […]

New Income Tax Bill: UPS to Get Tax Benefits Like NPS, But No Return of OPS

– Advertisement – New Income Tax Bill: The central government has also included the tax exemptions and essential facilities given in the National Pension Scheme (NPS) in the newly launched Unified Pension Scheme (UPS). There is no proposal under consideration to restore the Old Pension Scheme (OPS) for central employees. The central government has also […]

Why Some Taxpayers With Income Up to ₹7 Lakh Miss Out on Section 87A Rebate

– Advertisement – The government started giving special rebate under section 87A to give tax relief to people with low income. This rebate is available in both the new regime of income tax and the old regime. However, there is a difference in the amount of rebate. In the new regime, if a taxpayer’s annual […]

Centre May Apply OBC Creamy Layer Income Limit Across Govt & Private Jobs: What It Means

– Advertisement – Central Government Other Backward Classes (OBC)ReservationThe government is preparing for a big change in the government. It is reported that the government is seriously considering implementing the ‘creamy layer’ income criteria in various central and state government organizations, public sector undertakings (PSUs), universities and the private sector as well. Its aim is […]

Income Tax Bill 2025: New Tax Benefits for UPS, NPS Subscribers & Pensioners

– Advertisement – Income Tax Bill 2025: The Lok Sabha passed the Income Tax (No. 2) Bill, 2025 on Monday, August 11. This bill is a big step towards changing the nearly 60-year-old Income Tax Act (Income-Tax Act, 1961). It was introduced by Finance Minister Nirmala Sitharaman. Most of the 285 recommendations of the Parliamentary […]

Income Tax Bill 2025: Key New Exemptions & Benefits for Businesses and Professionals

– Advertisement – Finance Minister Nirmala Sitharaman on Monday introduced the new Income Tax Bill 2025 in the Lok Sabha. This revised bill incorporates most of the recommendations of the Parliamentary Select Committee and will form the basis for replacing the old 1961 Income Tax Act. Finance Minister Nirmala Sitharaman on Monday introduced the new […]

New Income Tax Bill 2025 Passed: Key Highlights Announced by Finance Minister

– Advertisement – New Income Tax Bill Passed Loksabha: The new Income Tax Bill, 2025 has been passed in the Lok Sabha. Finance Minister Nirmala Sitharaman introduced the Revised Income Tax Bill in the Lok Sabha. It was earlier withdrawn to incorporate certain recommendations of the select panel of the Lok Sabha. The new Income […]

Delhi Govt Makes This Document Mandatory for Income Certificate—Check Details

– Advertisement – Income Certificate In Delhi: There has been a change in the process of getting an income certificate in Delhi. Now a new document has become necessary for the application. Without this, the income certificate will not be made. Many documents are necessary for a citizen living in any state. There are different […]

What is Rule of Tax filing on Joint Husband wife Rental property Income

– Advertisement – ITR Filing 2024-25: The central government has extended the last date for filing ITR for the financial year 2024-25 from July 31 to September 15, 2025. There is also a lot of confusion regarding tax filing. If you also own a house and have given it on rent to someone. Are you […]

Income Tax Payers: Big news! New Order issued by the Finance Minister

Income Tax Payers: Big news! New Order issued by the Finance Minister Income Tax Return: The last date for filing the updated Income Tax Return (ITR-U) for Financial Year 2020 (FY20) or Assessment Year (AY 2020-2021) has been extended to March 31, 2023. The facility of new ITR filing was started from the Finance Act […]