Due to the income tax changes made in the FY 2024-25 (AY 2025-26), Form 16 will show certain changes this year. It will ...

50% or 40% of Basic Salary, depending on whether the city is metro or non-metro.

Finance Minister Nirmala Sitharaman introduced new income tax regime changes in Budget 2025, featuring revised tax slabs for ...

D (health insurance), and home loan interest are just a few of the many exemptions and deductions that were available under ...

Hello, Income Tax return filing for FY 2024-25 has been started. We all are know that new regime is the default regime for FY 2024-25. If any assessee wants to file the ITR in old regime than he can ...

The Income Tax Department has rolled out updated Excel utilities for ITR-1 and ITR-4 for AY2025–26. These forms now support ...

Enhanced disclosure requirements for taxpayers opting for the old tax regime. - Automation of deduction verification aims to ...

In other news, the Council of the EU pledged support to a CBAM simplification and exemption initiative, and Portugal issued new VAT filing guidance ...

Companies scored wins after the House passed a multi-trillion-dollar tax bill that largely preserved the current tax rates on ...

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

Legal - In the early months of this year, Romania’s business environment has faced two major challenges: an intensification ...

Taxpayers having business income are now required to provide the previous year’s details if they wish to opt out of the new ...