In case you are opting for the old tax regime, under Section 80C you can claim up to Rs 1.5 lakh of deductions every year.

It is necessary to understand the various forms of ITR as filing income tax returns (ITRs) can be a daunting task if you are not aware of the right form for your income type.

On April 29, the government introduced ITR Forms 1 and 4 for the assessment year 2025–26, aiming to simplify the tax filing ...

T department has officially released simplified Income Tax Return (ITR) forms 1 and 4 for the assessment year (AY) 2025-26.

As taxpayers get ready to file their returns, it is crucial to understand the key sections of the Income Tax Act, 1961, that ...

The taxpayers need to carefully choose between the old and new tax regimes to claim the deductions under various sections of ...

As part of ongoing reforms, Form 16 is being enhanced to offer greater transparency. The revised version will now offer ...

At the time of filing income tax return, taxpayers are supposed to be aware of different provisons which apply to the new tax ...

The Central Board of Direct Taxes (CBDT) has notified the income tax return forms ITR-1 and ITR-4 for the financial year 2024 ...

The Central Board of Direct Taxes is updating income tax return forms. This aims to address income underreporting. The new ...

Form 16 is a key document for salaried individuals, summarising income and TDS, simplifying ITR filing, and serving as proof ...

Form 16 is a certificate that an employer gives to an employee, which shows how much salary he earned and how much tax they ...