Those with an estimated tax liability of over Rs 10,000 in a financial year are required to pay advance tax during the year.

Under the current Income Tax Act, 1961 (ITA), an individual is required to file an income tax return under section ... to file the return by the original due date, i.e., 31 July of the succeeding ...

To claim the LTA exemption without Form 16, you must appropriately declare it in your Income Tax Return (ITR). According to ...

Selling the property in March 2025 would require a CGAS deposit by 31 July 2025, the due date for filing the ITR. On the other hand, selling in April extends this deadline to 31 July 2026 ...

Over 3,000 RUPPs exploit loopholes in political funding laws, lacking scrutiny and compliance, raising concerns of tax ...

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 ...

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 ...

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

In Budget 2025, many rules related to income tax were changed. According to this, now taxpayers will be able to file their ...

A salaried employee opting for the old tax regime can claim an exemption for leave travel allowance under Section 10(5) of ...