A basic understanding of income tax slabs and how they change with every Union Budget can help you plan your finances better.

The purpose of section 194P is to provide relief to those senior citizens whose income is limited and who feel unable or ...

Salaried individuals can switch between old and new tax regimes every year, while business owners have limited flexibility.

After the December 31 deadline, linking the PAN with Aadhaar card would attract a late fee of ₹ 1,000. This will include cases where PAN and Aadhaar IDs exist but have not been linked. Additionally, ...

Senior citizens, defined as those over 60, can enjoy a basic exemption limit of Rs 3 lakh under the Income-Tax Act, 1961, ...

Taxpayers are required to choose an ITR form and file their returns based on their total income, nature of income, and the taxpayer categories, such as individuals, Hindu Undivided Family (HUF), ...

ITR-2 is meant for individuals whose annual income is above Rs 50 lakh or who earn from sources like rent, capital gains, or ...

Between the financial years 2021-22 and 2023-24, corporate tax concessions had a significant revenue impact. For instance, deductions for SEZ units under Section 10AA resulted in tax savings of ...

ITR-1 is for an salaried individual earning up to Rs 50 lakh and have no capital gains or business income, while ITR-3 is for ...

Form 16 is a certificate issued by your employer as proof that Tax Deducted at Source (TDS) has been deducted from your ...

With an organised approach, investors can seamlessly navigate tax filings, stay compliant, and avoid unnecessary penalties, ...

ELSS funds could be a good tax-saving avenue for investors opting for the old tax regime and seeking to create wealth over ...