ITR filing FY 2025-26: The two regimes differ fundamentally in structure. The new tax regime offers lower slab rates but largely eliminates exemptions and deductions. The old tax regime, in contrast, ...

Salaried employees face a crucial tax decision between old and new regimes. The new tax regime offers lower tax liability ...

ITR filing FY 2025-26: The deadline to file ITR for salaried taxpayers is July 31, 2026. In case you are confused about what ...

Salaried individuals can switch between tax regimes every year while filing their ITR. If you don't inform your employer at ...

Income-tax returns: NRIs are subject to income-tax in India depending on their residential status. Here's a look at the applicable tax slabs, surcharge rate, rebate, and marginal relief that they can ...

Savings account interest is fully taxable under Income from Other Sources, and it is added to your total annual income and ...

The I-T Department’s growing scrutiny, using AI and data analytics tools, leaves little room for omissions and errors, making accurate tax return filing more important than ever.

Many retirees assume that filing Income Tax Returns (ITR) becomes unnecessary after retirement, especially once regular salary income stops. However, pension income remains taxable in most cases and ...

Income Tax Return filing is beneficial even for those below the exemption limit as it serves as income proof for loans and ...

Under the Income Tax Act, a senior citizen is defined as a resident individual aged 60 years or older, but less than 80 years during the previous year. A super senior citizen is a resident who is 80 ...

Before filing the IT return, taxpayers should reconcile AIS entries with their financial records and assess their taxability ...