The Income Tax Department’s latest updates to ITR-1 and ITR-4 for Assessment Year 2025–26 have sent a clear message—claiming ...

ITR Filing: Income Tax Department has now released forms 1 ... deduct tax in accordance with the rates provided under section 115BAC. V. House rent Allowance (HRA): House Rent Allowance is ...

The new regime offers lower tax rates, but does not allow most tax deductions. On the other hand, the old regime permits popular tax deductions and exemptions ...

The Income Tax Department has activated online filing for ITR-1 and ITR-4 for AY 2025–26, featuring prefilled data and ...

"The income threshold for claiming a tax rebate under Section 87A for resident individuals taxable under the new regime of Section 115BAC has been increased from Rs 7 lakhs to Rs 12 lakhs ...

buyback income will now be taxed as deemed dividend in the hands of shareholders. The buy-back tax paid by companies under Section 115QA has been eliminated. Introduction of Section 115BAC Forms ...

Joseph had filed her income tax return, declaring an income of Rs. 12,40,090 and opted for the new taxation regime under Section 115BAC of the Income Tax Act, 1961. The Centralized Processing Centre ...

For instance, in the EU — which includes 22 member states in the report — the average income tax rates for these three income levels were 12.1%, 17.2%, and 23.1%, respectively.

Central Board of Direct Taxes (CBDT) has notified income tax return (ITR) forms for e-filing income tax returns in FY 2024-25. These are the myriad changes which the income tax department has ...

The income-tax department has made significant changes to the ITR forms. (Freepik) Taxpayers can now file their returns for the recently concluded financial year using several forms notified ...

As lawmakers in Congress debate whether to renew the personal income tax cuts established by the Tax Cuts and Jobs Act, a familiar criticism has resurfaced: that President Trump’s signature ...