Maximum 39% marginal rate of income tax applicable for these individuals in Tax Year 2026-2027Individuals and certain entities will face a maximum 39% income tax rate under the new tax regime for Tax Year 2026-2027. This Maximum Marg...
03 Jun, 2026, 10.10 AM IST
New income tax regime: Don’t miss out on these 3 key deductions that will reduce your taxable income & help save more taxMany taxpayers mistakenly believe the New Tax Regime offers no deductions. However, salaried employees and pensioners can claim a Rs 75,000...
30 May, 2026, 08.45 AM IST
Employee fined Rs 10 lakh over lack of ESOP disclosure in ITR; here's why ITAT Chennai cancelled itAn Indian employee faced a Rs 10 lakh penalty for not disclosing foreign ESOPs in his Income Tax Return. The Income Tax Appellate Tribunal,...
17 Apr, 2026, 06.02 PM IST
New ITR forms alert: Secondary address field added, what taxpayers must knowNew Income Tax Return forms are here for Assessment Year 2026-27. A key change is a new field for a secondary address. Contact details are ...
13 Apr, 2026, 02.01 PM IST
Income tax slabs for ITR filing FY 2024-25 are different under new tax regime: Check detailsIncome Tax Slabs: Many taxpayers are unaware of the income tax slabs that will apply to their income under the new tax regime, which is nec...
18 Jun, 2025, 09.52 AM IST
Over 90 lakh updated tax returns filed, Rs 9,118 crore additional taxes mobilisedOver 90 lakh updated Income Tax Returns (ITR-Us) have been filed in the past four years, resulting in Rs 9,118 crore in additional taxes fo...
24 Mar, 2025, 02.03 PM IST
ITR filing deadline for FY 2023-24 extended to December 15, 2024 for these taxpayersITR filing deadline for FY 2023-24 (AY 2024-25) extended: The income tax department has extended the income tax return (ITR) filing for FY ...
30 Nov, 2024, 10.11 PM IST
Karnataka, TN among top 5 states in direct tax collectionsKarnataka and Tamil Nadu rank second and fourth among top states contributing to 70% of India's direct tax collections, with Maharashtra le...
27 Oct, 2024, 05.22 PM IST
What is the new deadline to submit income tax audit report for FY 2023-24 (AY 2024-25)Income tax audit deadline: The government has extended the deadline to submit tax audit report by 7 days to October 7, 2024. If you don't s...
01 Oct, 2024, 08.50 PM IST
- Income tax slab rates for FY 2024-25 (AY 2025-26), FY 2023-24 (AY2024-25), FY 2022-23 (AY 2023-24), FY 2021-22 (AY 2022-23) under old tax regime01 Aug, 2024, 04.48 PM IST
Old tax regime ITR filers must file income tax return by July 31 deadline or lose deductions, exemptions for FY 2023-24 (AY 2024-25)ITR filing last date: The last date to file income tax return for FY 2023-24 (AY 2024-25) is July 31, 2024. Apart from not paying penalty o...
31 Jul, 2024, 12.34 PM IST
ITR filing last date: Will there be any extension of the income tax return filing deadline?ITR filing last date: The deadline to file your income tax return (ITR) for the financial year (FY) 2023-24 is July 31, 2024. The income ta...
31 Jul, 2024, 12.21 PM IST
Last date for filing income tax return (ITR) for FY 2023-24 (AY 2024-25)ITR filing last date: According to the tax laws, different taxpayers have varying due dates for filing their income tax returns. It is cruc...
11 Jul, 2024, 10.57 AM IST
ITR filing FY 2023-24 FAQs: Name of taxpayer in ITR does not match with name in PAN database; here’s what you can doITR filing FY 2023-24: The Income Tax Department has recently published a set of commonly asked questions (FAQs) to assist taxpayers with t...
08 Jul, 2024, 12.23 PM IST
ITR-1, ITR-2, ITR-4 forms for FY 2023-24 (AY 2024-25) available now on e-filing income tax portalITR filing forms for FY 2023-24 (AY 2024-25): As of April 1, 2024, the online ITR forms have been enabled on the e-filing website. This mea...
05 Apr, 2024, 09.51 AM IST
Offline ITR-1,4 forms: Income tax department releases JSON utilities for FY 2023-24 (AY 2024-25)Offline ITR forms for AY 2024-25: The JSON utility ITR forms have been released by the income tax department. The offline forms are release...
20 Mar, 2024, 11.01 AM IST
ITR-1,4 for income tax return filing FY2023-24 notified by CBDT; last date to file July 31, 2024The Central Board of Direct Taxes (CBDT) has notified the income tax return forms for current financial year i.e. FY 2023-24 (AY 2024-25). ...
23 Dec, 2023, 11.06 AM IST