The income tax department has listed such individuals with undisclosed income subject to income tax and accordingly, the ...

ITR filers will see two new banks added for e-Pay tax services this time -- IDFC First Bank (added on November 27, 2024) and ...

Before filing your ITR, it is important to decide whether the new or old tax regime is more beneficial for you. The old tax regime offers various exemptions and deductions, but is it the right choice ...

As tax season approaches, it's crucial to understand the implications of not filing your taxes by the April 15 deadline.

Advance tax is applicable when the total tax liability for a financial year exceeds Rs 10,000. It is computed based on the estimated income for the year and paid in instalments as per the due dates.

ITR-U: Requires paying additional tax (25–50% of dues, depending on filing timeline). No separate penalties, but interest may ...

Taxpayers can reduce tax liabilities by claiming House Rent Allowance (HRA) exemptions. Salaried individuals can claim HRA ...

Except for some senior citizens, advance tax must be paid by all assessees, including NRIs, if the tax payable is ₹10,000 or ...

Making timely paymenst is crucail when it comes to tax compliance so as to avoid penalties and interest. Also, meeting deadlines ensures last minute stress and smooth tax filing process.