Big tax savings are possible—even under the no-exemptions new regime. A case study shows how a Rs 50 lakh salaried employee ...

In this article, we will dive deep into both tax regimes - Old Tax Regime and New Tax Regime. The write-up will explain ...

The Income Tax Department has enabled online filing of ITR-1 and ITR-4 forms for the financial year 2024-25 (Assessment Year 2025-26). The move is aimed at simplifying the process of tax return ...

The positive objectives laid out in the proposed national budget for fiscal 2025–26 are not backed by measures, said the Centre for Policy Dialogue. "The budget focused on several things like ...

To claim an exemption for House Rent Allowance (HRA) under Section 10(13A), taxpayers are now required to provide more comprehensive information in their tax returns. This increased detail allows tax ...

In a significant fiscal policy shift, the Bangladeshi government is set to withdraw numerous tax exemptions for key local industries ... faces VAT increases from the current 2%, 5%, and 7.5% slabs to ...

Under the revised norms, taxpayers with long-term capital gains up to ₹1.25 lakh from listed equities can now report such income in ITR-1 and ITR-4 New Delhi: The Income Tax ... 4 for AY 2025-26 ...

1.25 lakh. ITR 4- Form has now been made available for offline ITR filing The Excel-based utilities for ITR-1 and ITR-4 for AY 2025-26 are accessible for download on the e-filing ITR portal’s ...

The Income Tax Department has announced the release of excel utilities via a post on X (formerly Twitter). “Attention taxpayers! The Excel Utility for ITR-1 and ITR-4 for AY 2025-26 has been enabled ...

In its press note, the CBDT shared that the ITR forms for AY 2025-26 have been revised. (File Image) The Finance Act, 2025, has increased the time limit from the earlier 24 months. The government has ...

Formal notification will follow." Income Tax Department, Government of India posted on X. According to CBDT, the notified ITRS for AY 2025-26 have undergone structural and content revisions aimed ...