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 […]

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 […]

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 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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]