Form 16 is a certificate provided by an employer to employees, which includes the details of the employee’s salary and the ...
The income tax department has listed such individuals with undisclosed income subject to income tax and accordingly, the ...
This type of income tax notice is coming soon to these identified persons relating to AY 2019-20, 2020- 21 and 2021-22; Know ...
The tax authorities use a risk management strategy (RMS) to flag high-risk non-filers, said the department.  This system ...
To claim the LTA exemption without Form 16, you must appropriately declare it in your Income Tax Return (ITR). According to ...
According to reports, about 9,000 people donated Rs 5 lakh or more in the financial year 2020-21 and claimed tax exemption ...
It is always advisable for taxpayers to file their ITRs at the earliest to avoid last-minute rushes, which may lead to errors ...
ITR-U: Requires paying additional tax (25–50% of dues, depending on filing timeline). No separate penalties, but interest may ...
This article discusses the top mistakes taxpayers make concerning PAN when e-filing returns and simple tips to avoid them.
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 ...
Income Tax Slabs FY 2025-26 after Budget 2025: Finance Minister Nirmala Sitharaman announced that taxpayers will not have to pay tax for income up to ...