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 […]
Senior Citizens Expect Tax Relief & Train Perks
– Advertisement – FM Nirmala Sitharaman may restore train deals and double health breaks. The Union Budget 2026 comes out on February 1. Specifically, seniors want big help this year. Notably, Kerala just gave its elders a huge gift. They set aside 19% of their cash for the aged. Consequently, retirees now want the Centre […]
Is ELSS Worth It in the New Tax Regime? (2026 Analysis)
– Advertisement – Is ELSS Still Worth It? The Truth About Investing in the New Tax Regime Let’s be honest: for a decade, the only reason most Indians touched an Equity Linked Savings Scheme (ELSS) was to dodge taxes. You’d scramble in March, dump ₹1.5 lakh into a fund, and forget about it. But now […]
ICAI Proposes Pre-filled Tax Calculator for Budget 2026
– Advertisement – Ahead of the Union Budget on February 1, 2026, the Institute of Chartered Accountants of India (ICAI) has submitted a game-changing proposal to the Finance Ministry. The goal is to move beyond simple data pre-filling and introduce a fully automated Income Tax Calculator Utility directly on the e-filing portal. Add rightsofemployees.com as […]
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 […]
Old vs New Tax Regime 2026:Why ₹25L Earners Save More in Old
– Advertisement – Old vs New Tax Regime: Why 28% of Indians Still Refuse to Switch in 2026 Despite the government’s aggressive push toward the “New Tax Regime,” nearly 28% to 29% of Indian taxpayers are still sticking to the Old Regime. According to the 2026 Henley-equivalent tax data from Deloitte India, a “meaningful minority” […]
Tax Surprise for the Middle Class?
– Advertisement – As Finance Minister Nirmala Sitharaman prepares for her ninth Budget on February 1, 2026, the narrative has shifted from pure infrastructure “capex” to a consumption-led strategy. With global growth slowing and urban demand showing fatigue, the government is expected to prioritize putting more money into the hands of the middle class and […]
Zero Tax up to ₹12.75 Lakh
– Advertisement – The Union Budget 2025 introduced transformative changes to India’s income tax structure, focused on providing more disposable income to the middle class and simplifying the tax-deduction process. These changes are officially in effect for the Financial Year 2025–26 (Assessment Year 2026–27). Add rightsofemployees.com as a Preferred Source Also Read | Bank Alert: 3-Day […]
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 […]
Missed Dec 31 ITR Deadline? How to Claim Your Tax Refund Now
– Advertisement – The December 31, 2025, deadline for filing belated or revised returns (AY 2025–26) has officially passed. If you missed this window and are still expecting a refund, or if you realized you made an error in your submitted return, your options have narrowed—but they haven’t disappeared. Add rightsofemployees.com as a Preferred Source […]
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 […]
₹72 per Cigarette?Parliament Passes Massive Tobacco Tax Hike
– Advertisement – The Indian Parliament has officially passed the Central Excise (Amendment) Bill, 2025, marking one of the most significant shifts in tobacco taxation since the rollout of GST in 2017. Introduced by Minister of State for Finance Pankaj Chaudhary, the bill aims to sharply increase excise duties on cigarettes, cigars, and chewing tobacco […]
Is the Old Tax Regime Finally Ending?
– Advertisement – In the Union Budget 2025, Finance Minister Nirmala Sitharaman delivered a clear message to taxpayers: the future of Indian taxation is the New Tax Regime. By making annual income up to ₹12.75 lakh effectively tax-free for salaried individuals, the government has significantly reduced the incentive for many to stay in the old […]
Why Salaried Staff are Getting Tax Mismatch Notices
– Advertisement – The Income Tax Department has issued an urgent advisory for salaried employees regarding discrepancies in their tax filings for Assessment Year 2025-26. Specifically, the department has placed several tax returns on hold due to “potentially ineligible” deduction claims under the old tax regime. Add rightsofemployees.com as a Preferred Source Consequently, taxpayers have […]
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 […]
The Tax Trap Between Sections 54 and 54F.
Property Buying Tips : Before buying your dream home, keep these important things in mind, otherwise you may incur huge losses. – Advertisement – The core rule is: What you sold determines how much you must reinvest to avoid tax. Also Read |8th CPC: Finance Ministry Confirms Pension Revision is Included. 1. Section 54: You […]
Key Banking, Pension & Tax Dates
– Advertisement – This is a crucial compliance checklist. Since November is ending, several massive financial deadlines are converging, hitting bank customers, pensioners, and taxpayers all at once. Anyone who misses these dates faces a loss of service, stopped income, or fines. Here is the quick compliance rundown you need: Also read| Rent Rules 2025: […]
Tax Refund Delay:Why Your ITR is Flagged & December Deadline
Income Tax Refund: Why are refunds delayed? What should taxpayers do? Learn the full details. – Advertisement – Despite the Central Board of Direct Taxes (CBDT) receiving over 7.57 crore Income Tax Returns (ITR) by the revised deadline of September 16, a significant number of taxpayers still await their refunds for the Assessment Year 2025–26. […]
Income Tax Refund 2025: Haven’t received your money yet? Millions of taxpayers are worried, CBDT chief reveals the real reason
Income Tax Refund 2025: Haven’t received your money yet? Millions of taxpayers are worried, CBDT chief reveals the real reason – Advertisement – Income Tax Refund Delay 2025: Millions of taxpayers across the country are still awaiting their ITR refunds. The CBDT Chairman has now explained the reasons for the delay. Let’s explore the details. […]
Income Tax Payment: Pay tax through UPI without going to the bank, read the step-by-step process here
Income Tax Payment: Pay tax through UPI without going to the bank, read the step-by-step process here – Advertisement – Income Tax UPI Payment: Now, filing taxes is no longer as hassle-free as it once was. The e-filing portal now offers the option to make payments directly through the UPI app. Scanning a QR code […]
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 […]
ITR Refund 2025: Is interest payable on late refunds? Learn the Income Tax Department’s rules.
ITR Refund 2025: Is interest payable on late refunds? Learn the Income Tax Department’s rules. – Advertisement – Income Tax Refund 2025: People are worried about the delay in income tax refunds. If you filed your return on time, you will receive your refund soon. The Income Tax Department pays interest on late refunds, but […]
Tax notices are a warning! Surveillance begins on those withdrawing excess cash from banks!
Tax notices are a warning! Surveillance begins on those withdrawing excess cash from banks! – Advertisement – Bank Account Cash Withdrawal: If you frequently withdraw large amounts of cash from your bank account, be cautious. The Income Tax Department may be keeping an eye on you. Let’s find out why. Savings Account Cash Withdrawal: Even […]
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 […]
Income Tax Rules : If you withdraw this much cash in a day, you will never receive a notice. Know the Income Tax rules.
Income Tax Rules : If you withdraw this much cash in a day, you will never receive a notice. Know the Income Tax rules. – Advertisement – Income Tax Rules : In this age of digitalization, everything is happening online. Everything from shopping to payments is done in just one click. Yet, cash transactions are […]
ITR refund not received? The Income Tax Department has found out the reason for the delay. Here’s how.
ITR refund not received? The Income Tax Department has found out the reason for the delay. Here’s how. – Advertisement – ITR Refund 2025: If you’re wondering why your income tax return is delayed, the Income Tax Department has provided a significant update. Let’s find out why refunds are delayed… Income Tax Refund Delay Reasons […]
Income Tax on Savings Account : Is interest earned on savings accounts taxable? Learn the Income Tax Department’s rules.
Income Tax on Savings Account : Is interest earned on savings accounts taxable? Learn the Income Tax Department’s rules. – Advertisement – Saving is a habit and a necessity for everyone. To secure their future, people open savings accounts in banks, where they earn interest on their deposits. But did you know that this interest […]
Toll Tax New Rule : If you travel without FASTag, read this news; toll charges will increase from November 15.
Toll Tax New Rule : If you travel without FASTag, read this news; toll charges will increase from November 15. – Advertisement – Toll tax charges: The government has made a major change for those traveling at toll plazas. New rules will come into effect on November 15th, which could lead to travelers having to […]
Diwali Bonus Tax Rules : Are Diwali bonuses taxable
Diwali Bonus Tax Rules : Are Diwali bonuses taxable? Find out what the income tax rules say. – Advertisement – Diwali is not only a festival of light and joy, but also a time for bonuses and gifts for many employees. So, if you receive a bonus on Diwali, is it taxable? Let’s find out… […]
Toll Tax! These 7 people in the country do not pay toll tax.
Toll Tax Free: These 7 people in the country do not pay toll tax. Know the full list. – Advertisement – VIPs Exempted From Toll Tax: If you travel on national highways, you likely pay toll tax at toll plazas. But did you know that there are some special people in the country who are […]
New GST Rates! These 147 items have zero GST, but are any shopkeepers not charging any tax? Check the full list.
Full list of goods with 0 GST Number Description of items New GST rates 1 Fresh milk and pasteurized milk, including separated milk, milk and cream, that is not condensed and does not contain added sugar or other sweeteners, excluding ultra high temperature (UHT) milk 0% 2 Curd 0% 3 Lassi 0% 4 buttermilk 0% […]
GST on Sin Goods: Things that have become expensive from today… See the list of Sin Tax items, which now attract 40% GST.
GST on Sin Goods: Things that have become expensive from today… See the list of Sin Tax items, which now attract 40% GST. – Advertisement – New GST rates have come into effect across the country from today. While everyday items like milk, ghee, cheese, butter, and even oil and shampoo have become cheaper,… ‘Sin […]
Tax Rules For Credit Card : Helping friends with credit card? Income tax notice may come home, know how to avoid it
Tax Rules For Credit Card : Helping friends with credit card? Income tax notice may come home, know how to avoid it – Advertisement – Tax Rules For Credit Card: Nowadays helping friends is a common thing, whether it is booking a flight, shopping online or paying for a hotel, many people give their credit […]
ITR Filing Guide: If you make this mistake while filing tax, you will have to pay 200% penalty, even CA or tax advisor will not be able to help!
ITR Filing Guide: If you make this mistake while filing tax, you will have to pay 200% penalty, even CA or tax advisor will not be able to help! – Advertisement – The last date for filing Income Tax Return (ITR) is 15 September 2025. Taxpayers across the country are busy submitting their returns. If […]
5 lakh jobs at risk! Trump’s tax attack poses a major crisis to ‘this’ sector
5 lakh jobs at risk! Trump’s tax attack poses a major crisis to ‘this’ sector – Advertisement – The US has imposed a 50% tax on India’s textile and ready-made garment exports. After this decision, not only Indian exporters but also about 5 lakh jobs are at risk. The biggest blow from US President Donald […]
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 […]
TaxBuddy launched the country’s first AI Tax filing platform – File Your ITR Online in 3 Minutes
– Advertisement – Do you also get annoyed with the hassle of filing income tax returns every year? Filling the forms, checking the details and clearing the doubts takes hours or sometimes days. But now this hassle is about to end. Now filing tax has become a matter of minutes. No hassle, no waiting. The […]
Toll Tax Free: Good news for EV vehicles! These three major highways of Maharashtra are now toll free
– Advertisement – Toll Tax Free: The Maharashtra government has waived toll tax for electric vehicles on some major highways, which will benefit both EV owners and the environment. Let us tell you which are these highways. The Maharashtra government has taken a big and great decision for electric vehicles ( EV) . Now electric […]
ITR Filing 2025: Complete List of Deductions in New vs Old Tax Regime
New Vs Old Tax Regime: If you haven’t yet filed your income tax return (ITR) this year, it is important to remember that you can claim tax deductions on several investments, but only if you have made these investments during the financial year 2024-25. The last date for filing income tax returns (ITR) for the […]
Toll Tax Exemption for Indian Army Soldiers: Rules, Eligibility & Process Explained
Toll Tax on Indian Army Person: People have many questions in their minds about the soldiers who are deployed day and night in the service of the country. One such question is whether army personnel have to pay toll tax ? Such things often go viral on social media that soldiers are completely exempted from […]
Toll Tax Exemption Rules: Know Who Doesn’t Have to Pay at Toll Plazas
– Advertisement – The number of National Highways and Expressways across the country is continuously increasing. However, vehicles plying on these roads have to pay tax. New roads are also being built in Bihar. An expressway is being built here. It also includes four-lane roads, which are providing convenience to people in commuting. But people […]
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 […]
New Income Tax Bill Passed: Major Relief for Taxpayers with Fresh Exemptions and Benefits
– Advertisement – There is a relief news for taxpayers. Recently, Parliament has passed the Income Tax (No. 2) Bill, 2025, which will come into force from April 1, 2026 and will replace the old Income Tax Act of 1961. If you are a salaried class and you pay tax then there is good news […]
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 […]
Advance Tax Interest Rules Updated: Key Changes Every Taxpayer Must Know
– Advertisement – New Income Tax Bill: The Finance Ministry has changed the provision of interest recovery on underpayment of advance tax under the new Income Tax Bill. According to the new notification, three percent interest will be charged if the full amount is not deposited by the due date. As per the existing rules, […]
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 […]
CRA Confirms $9,428 Disability Tax Credit for 2025 – Eligibility, New Rules & How to Apply
– Advertisement – Disability Tax Credit 2025: Hey there, folks! If you or someone you know is living with a disability in Canada, you’ve probably heard some chatter about the Disability Tax Credit (DTC) for 2025. The Canada Revenue Agency (CRA) has rolled out some exciting updates, with eligible Canadians able to claim up to […]
Why Salaried Taxpayers Earning Up to ₹12 Lakh May Lose Out Under the New Income Tax Regime
– Advertisement – The new income tax regime has become attractive as the government has made income up to Rs 12 lakh per annum tax-free. The new regime is easy for taxpayers. There is no need to provide proof of investment in it. There is also less chance of mistakes in filing income tax returns. […]
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: Late ITR Filers Now Eligible for Refund – Here’s What It Means for You
– Advertisement – New Income Tax Bill 2025: In the first version of the Income Tax Bill, 2025, there was a provision of not giving refund for late filing of returns. This rule has been changed in the second version of the bill. According to the new version of the Income Tax Bill, 2025, refund […]
ITR Filing Deadline Extended by 45 Days: No Income Tax up to ₹12 Lakh from Next Year – What You Need to Know
– Advertisement – ITR: The government has recently announced that there will be no tax on income up to Rs 12 lakh in the financial year 2025-26 (ie income from 1 April 2025 to 31 March 2026), but this rule does not apply to the current ITR filing (for FY 2024-25). The Income Tax Department […]
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 […]
ITR Filing 2025: Key Tax Rule Differences for Freelancers vs Salaried Employees
– Advertisement – ITR Filing 2025: The world of freelancing is growing rapidly today, but along with it it is equally important to have an understanding of rules like tax, TDS and GST. In India, freelancers have to pay their own tax, whereas the tax of employed people is paid by their company by deducting […]
Income Tax Deadline: File Your Return by 15th September to Avoid Heavy Penalty
– Advertisement – The deadline to file ITR is September 15. But experts say that you should not wait for the deadline to file ITR. If you do not file your return on time, you may even have to go to jail. Know the full details… The Income Tax Department had extended the last date […]
New Income Tax Bill: Preparations to Implement Tax Exemption in private Pension Schemes
– Advertisement – Finance Minister Nirmala Sitharaman will present this new Income Tax Bill in the Lok Sabha today. A special committee of the Lok Sabha has recommended making the tax rules on lump sum pension withdrawal equal for all in the new Income Tax Bill. If this proposal becomes law, then people will be […]
ITR Filing Deadline Extended: 10 Key Tips to Remember When Paying Your Income Tax
– Advertisement – Income Tax Return Filing 2025: If you have not yet filed income tax return, then file it before September 15. Some important things should be kept in mind while filing ITR so that you do not have to face problems like delay in ITR refund, ITR notice or penalty. If you have […]
ITR Filing Warning: This Crucial Step Must Be Done Within 30 Days of Tax Payment
– Advertisement – Income Tax Return Filing 2025: Even after filing the income tax return, e-verification is as important as filing the return. If you complete this step on time, you will get the refund quickly, avoid penalty and your tax record will also be completely clear. Filing Income Tax Return (Income Tax Return Filing […]
Taxpayers Alert! New Income Tax Bill May Be Presented on August 11– Key Highlights Expected
– Advertisement – Union Finance Minister Nirmala Sitharaman may introduce the much-awaited Income Tax Bill, 2025 in Parliament on August 11. Let us tell you that the new Income Tax Bill 2025 was introduced in Parliament on February 13. Later it was sent to the committee which submitted its report on July 21. If everything […]
ITR Filing: Do you pay ₹200- ₹300 daily through Paytm-Google Pay? You may also be under the scrutiny of the Income Tax Department, know why
– Advertisement – Micro Daily Paytm Transfers: Nowadays we all keep making small payments through Paytm, Google Pay or PhonePe, sometimes ₹ 200 to the tea vendor, sometimes ₹ 300 to the vegetable vendor. This has become so common that we do not even think that any record of this is being made. But now […]
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 […]
MCD has extended 10% discount period till 31 August on property tax
– Advertisement – Delhi Mayor Sardar Raja Iqbal Singh said that the MCD has extended the deadline for 10 percent discount on property tax payable for the current financial year 2025-26 to August 31, 2025. According to the corporation, this decision is a positive step towards ensuring the convenience of taxpayers, broadening the tax base […]
Income Tax Return: You can claim deductions and exemptions even in the new tax regime, know how here
– Advertisement – Many salaried taxpayers and pensioners are expected to switch to the new tax regime this financial year (2025-26). The new income tax regime has higher tax slabs, lower tax rates and income up to Rs 12 lakh per annum is tax-free. However, the new regime does not have the benefits of deductions […]
New Income Tax Bill will be presented in Parliament on this day! Here are the complete details
– Advertisement – The new Income Tax Bill can be introduced in the Parliament during the monsoon session of Parliament on 11 August 2025. According to reports, the bill will be tabled by Finance Minister Nirmala Sitharaman. The new income tax bill can be tabled in Parliament on 11 August 2025 by the government. Finance […]
Property Registration: Buy Property in Wife or Mother’s Name and Save Up to ₹1 Lakh on Tax – Here’s How
– Advertisement – New Delhi: Property prices are skyrocketing in cities like Lucknow, Noida and Ghaziabad. Meanwhile, the UP government has announced a huge discount in stamp duty for those buying property in the name of women. The new rule of the UP government has also come into effect from July 29. This means that […]
ICAI notifies norms for 60 tax audits in a year for chartered accountants
– Advertisement – The Institute of Chartered Accountants of India (ICAI), which has over 4 lakh members, has notified norms limiting the number of individual tax audits and these will come into effect from April 1 next year. This limit of sixty shall be the aggregate limit of all tax audits signed by a member […]
Income tax department can send notice if you do transaction of more than 50 thousand rupees in bank
– Advertisement – These days the Income Tax Department is keeping a very strict eye on your transactions and banking transactions. Actually the last date for filing income tax returns is coming closer. In such a situation, the department is keeping an eye on those people. Whose account has had unusual transactions. If you have […]
Agricultural income Tax: Not all income from farming is tax free, know when you may have to pay tax
– Advertisement – Agricultural income Tax: In India, questions often arise regarding tax on farmers’ income. It is generally believed that agricultural income is tax free, but this is not the case in every situation. Know under which circumstances it may be necessary for farmers to file income tax returns. Tax on income other than […]
Income Tax: Government’s order, if you do a job, you will get a benefit of 50 thousand rupees in tax, these people
Income Tax: Government’s order, if you do a job, you will get a benefit of 50 thousand rupees in tax, these people Income Tax Return: The new financial year has started and many smart investors want to plan their taxes from the very beginning. When it comes to filing income tax returns, the first thing […]
Senior citizens and super senior citizens get many additional benefits in income tax
There are some features of the Income Tax System in India . In this, less tax is imposed on people with low income and more tax is imposed on people with high income. Also, an attempt has been made to give relief in the matter of age. Senior citizens and super senior citizens get many […]
CBDT issued circular: For TDS deduction in 2023-24, salaried taxpayers will have to choose option in new or old tax regime
Income Tax Regime: The financial year 2023-24 has started. Employers are going to seek information from their employees whether they will adopt the new income tax regime or the old tax regime. In such a situation, CBDT has issued a circular regarding the modalities of TDS deduction in 2023-24, in which it has been said […]
Gold keeping limit at home: Income tax has issued rules regarding the limit of keeping gold in the house, check the new rules immediately
Guidelines for Gold: Gold is not only a metal but also an emotion for the people of India. It is not only a safe investment but it also adds to the happiness of our families. Buying gold on festivals is considered auspicious. It is not necessary that everyone has the ability to buy gold but […]
Cash Limit at home: Big news! Income tax department fixed the limit for keeping cash at home, check limit here
Cash Limit at Home – If you also keep more cash in your house, then definitely read this news once. Actually, today we are going to tell you in this news that according to the rules of income tax, how much cash you can keep in your house. Let’s know in this news below. In […]
Income Tax: Good news… From today the government is going to give this big relief to the taxpayers
Income Tax Slab Change: In the announcement of Budget 2023, the government gave a big relief to the taxpayers who adopted the new tax regime. Finance Minister Nirmala Sitharaman had announced changes in Income Tax Slabs while presenting the Budget 2023. He said that under the new tax regime, the taxable income has been increased […]
Income Tax Slab: Big News! Finance Minister announcement, now tax will not have to be paid!
Income Tax Slab: Finance Minister Nirmala Sitharaman (FM Nirmala Sitharaman) had given a very good news to the income tax payers in this budget. From now on, the new financial year has started and if you want to save your tax this year, then this news is for you. While announcing, Sitharaman had said that […]
New Income Tax Rules: From today taxpayers will have to accept these 13 new income tax rules
New Income Tax Rules: The new financial year has started and changes related to income tax rules have also been implemented for every taxpayer. From today, many changes are taking place in the rules of income tax. The new tax regime is in focus, while many types of tax benefits are also in discussion, which […]
New Toll Tax Rates: NHAI increased the fee! Toll rates increased on around 10 highway-expressways of Delhi-NCR
New Toll Tax Rates: The National Highways Authority of India (NHAI) has increased the toll rates on National Highways and Expressways from April 1. This increase has been made up to 5-15 percent. Toll rates have been increased on the basis of wholesale pricing index. According to Nirman Jambulkar, an official of NHI, toll tax […]
Income Tax Payers Alert! Government’s announcement! May have to pay a fine of Rs 5,000
Income Tax Return: The new financial year is starting from 1 April 2023. Along with this, the process of filing income tax return for the financial year 2022-23 will also begin. Those people whose income is taxable, they have to file income tax return. Currently, there is an old tax regime and a new tax […]
Cash Limit at home: Income tax department fixed the limit for keeping cash at home, check limit here
Cash Limit at Home – If you also keep more cash in your house, then definitely read this news once. Actually, today we are going to tell you in this news that according to the rules of income tax, how much cash you can keep in your house. Let’s know in this news below. In […]
New Tax Rules Implemented from 1st April: 12 rules related to income tax changing from 1st April, know how much you will benefit
New Tax Rules Implemented from 1st April: 12 rules related to income tax changing from 1st April, know how much you will benefit April 1, 2023 The new financial year 2023-24 is about to begin and with it many major changes are going to happen in the rules related to income tax. Taxpayers and the general […]
Cash Limit at home: Income tax department fixed the limit for keeping cash at home, know what is the rule of income tax
Cash Limit at home: By the way, since demonetisation, people have stopped keeping more cash at home. But some people still keep cash at home for emergencies or to avoid the hassle of going to banks and ATMs. However, very few people know that it is right to keep cash in the house or it comes […]
Big Relief to taxpayers earning more than Rs 7,00,000 in the new tax regime
The government on Friday gave some relief to the taxpayers opting for the new tax regime. For this, by amending the Finance Bill, it has been provided that persons earning a little more than the tax-free income of Rs 7,00,000 will have to pay tax only on the additional income. The Lok Sabha has approved […]
Income Tax Return: Big news! These people may face problems in paying income tax, know the whole matter immediately, otherwise…
Income Tax Return: Big news! These people may face problems in paying income tax, know the whole matter immediately, otherwise… Income Tax Return: From April 1, 2023, the process of filing income tax for the financial year 2022-23 will start in the country. Those people whose income is taxable are required to file income tax. […]
New Toll Tax Rules: Good news! Toll-booths will be removed from the highway, no tax will have to be paid!
Toll Tax New Rule: There is good news for those who walk on the highway. If you also travel on the highway, then you are troubled by paying Toll Tax News, then now you need to take tension at all. Now a big announcement has been made by Union Minister Nitin Gadkari. The government will […]
New App for Taxpayers: Big news! Income tax department launches AIS app for taxpayers, also issued update on form 26as, check details
New App for Taxpayers: If you are a taxpayer, then there is good news for you. Income Tax Department has launched a new app called AIS App. In this app, taxpayers will get complete information about every transaction. The IT department has issued an update on Form 26AS. Only TDS/TCS data is visible in it. […]
ITR Filing Challan 280 Form: Challan 280 form is of great use in payment of advance tax, know its specialty
Today is the last date for paying the fourth installment of advance tax. If the taxpayer does not deposit it today, then it will have to be paid along with the fine. Advance tax can be paid both online and offline and this is where Challan 280 comes to the fore . This challan has […]
Cash Limit at home: Income tax department fixed the limit for keeping cash at home, check limit here
Cash Limit at Home – If you also keep more cash in your house, then definitely read this news once. Actually, today we are going to tell you in this news that according to the rules of income tax, how much cash you can keep in your house. Let’s know in this news below. In […]
NPS for Tax Saving: Salary is 9 lakhs, so you can save big tax from NPS
NPS for Tax Saving: The month of March is about to end, as well as the last date for filing income tax return is also coming closer. In such a situation, if you have not yet filed your income tax return , then fill it in time. Today we are going to tell you about […]
Toll Tax Rules Changed: Big change in toll tax rules! Money will be deducted directly from the account
Nitin Gadkari on Toll Tax: There is big news for those who walk on the highway. If you also travel on the highway and are worried about toll tax, then now you do not have to worry at all. Nitin Gadkari has made a big announcement regarding toll tax, which will affect crores of drivers. Gadkari has told that […]
Income tax department alerted, finish this work by March 15 or else you will be fined
Income tax department alerted, finish this work by March 15 or else you will be fined Advance Tax Payment Deadline: It is the duty of every responsible citizen to deposit Income Tax on his earnings. This not only leads to the development of the country, but also ensures basic infrastructure like better roads to hospitals. […]
Toll Tax Increase: Big news! From April 1, toll tax on highways and expressways may increase by this much percent.
Toll Tax Hike: Driving on National Highways and Expressways may now be a bit expensive from April 1. This is because the National Highways Authority of India (NHAI) is preparing to increase the toll tax . According to the report that came out on Sunday, there will be an increase of 5-10 percent in toll […]
Super Idea to Save Tax: 5 ways you can save tax even without investing
If you think that it is necessary to invest for tax savings, then it is not so. There are various sections of the Income Tax Act which allow deductions. This reduces your tax liability. However, most taxpayers make use of Section 80C of the Income Tax Act for tax-savings. Under this, there are about a […]
PAN Aadhaar Link: Income Tax Department has issued a deadline! PAN card holders do this work immediately
The Income Tax Department has issued a warning to the PAN card holders, asking them to link Aadhaar immediately, otherwise the PAN card will become inactive. Deadline has also been announced for this. The method of linking PAN online has also been told and for this the fee has also been fixed for it. The Income […]
Big update for tax payers! Income tax department came into action, this mistake will be heavy
Big update for tax payers! Income tax department came into action, this mistake will be heavy ITR Filing: Action will be taken on the basis of receipt of reply to the notice from the income tax payer. According to the information given by CBDT, the target of direct tax collection in the current financial year […]
ITR filing date announced! CBDT told- where, how and till when income tax can be paid, this time…
ITR filing date announced! CBDT told- where, how and till when income tax can be paid, this time… The last date for filing ITR for the financial year 2022-23 will be 31 July. New assessment year 2023-24 will start from 1st April. The Central Board of Direct Taxes (CBDT) has notified new ITR forms. New […]
Income Tax Filing: New ITR forms have been issued, know in which form the details of ‘digital assets’ will have to be given..?
Income Tax Filing: New ITR forms have been issued, know in which form the details of ‘digital assets’ will have to be given..? From April 1, 2022, the profit on transactions in virtual digital assets will be taxed. The Central Board of Direct Taxes had earlier this month notified income tax return forms for assessment […]
ITR Filing Last Date: Income tax return filing last date for assessment year 2023 2024, CBDT notified ITR forms, know details
The last date for filing Income Tax Return (ITR) for the financial year 2022-23 for the taxpayers of the country will be 31 July. New assessment year 2023-24 will start from 1st April. Generally, the due date for filing ITR is 31st July. It is expected that this date will also be the last date […]
