New income tax slab 2020-21: A taxpayer earning Rs 15 lakh per annum ... advisable for them to go for the previous income tax slab instead of the new income tax slabs. See Zee Business Live TV ...

Taxpayers are also liable to furnish their correct PAN or Aadhaar number as the case may be, to their deductors. PAN/Aadhaar rules for AY 2020: Employees may end up paying a lot in tax if they don ...

Filing the correct ITR form is imperative. In case of incorrect filing, Income Tax Department will send the receipt of a defective notice to an individual and ask him/her to rectify within a ...

A late filing fee is applicable if ITR is filed after the due date which for the current assessment year 2019-20 is December 31, 2020. The maximum penalty for filing ITR after the due date is Rs ...

There is no change in the income tax slabs under the old tax regime. Since the introduction of the new tax regime in FY 2020-21, the government has made changes only in the new tax regime.

Before you actually sit down to upload your income tax return (ITR) or visit your Chartered Accountant for filing your ITR, it is better you do some ground work to save the time as well to ensure ...

The Central Board of Direct Taxes (CBDT) has notified the new Income Tax Return (ITR) forms for FY 2019-20/ AY 2020-21 (i.e. ITR 1 Sahaj, 2, 3, 4 Sugam, 5, 6, 7 and ITR-V), vide Income-Tax (12th ...

The Income Tax Department has said that over 4.2 crore income tax returns (ITR) have been filed so far for the assessment year (AY) 2020-21.A tweet by the IT Department said that as of December 26 ...

The last date for filing the tax audit report for 2020-21 fiscal is January 15, 2022. For fiscal 2019-20 i.e. AY 2020-21, the limit was Rs 5 crore for businesses and Rs 50 lakh for professionals ...

There are four Income Tax Return (ITR) forms applicable to an individual. Selection of correct ITR Filing form is important. An individual who fills a wrong ITR form will have to face consequences.