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.

The Income Tax Department is likely to release the updated ITR forms soon for the financial year 2024-25 (Assessment Year ...

Those who are opting for the new tax regime while filing their income tax return must note that the HRA exemption is not allowed in the new tax regime. So, to be able to claim HRA allowance ...

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

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

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

The Income Tax Department is expected to notify the filing forms for the financial year 2024-25, or Assessment Year 2025-26, ...

As the new assessment year 2025-26 gets underway, people across the country especially salaried taxpayers are preparing to file their Income Tax Returns (ITR) for the financial year 2024-25.

The Income Tax Department is expected to soon release the online ITR forms, which will officially open the e-filing process.

As the new financial year began on April 1, many of you might be gearing up to file their Income Tax Returns (ITR) for the ...