For fiscal year 2024-25, Form 16 will reflect changes like increased standard deduction under the new tax regime. It will ...

Salaried individuals can switch tax regimes annually when filing ITR; business owners can switch once; the new regime offers ...

Taxpayers can now begin filing their Income Tax Returns (ITRs) for the financial year 2024-25 (assessment year 2025-26). The ...

If you want to claim income tax (I-T) deductions which you are entitled to by virtue of investments in the tax-saving ...

Tax evaders, BEWARE! The Income Tax department is using AI data analytics to bust fake deductions, flag HRA fraud, and trace ...

Key changes in the Income Tax Return (ITR) filing process for those opting for the old tax regime in the Assessment Year 2025 ...

New tax slabs for 2025-26 increase tax-free income to ₹12.75 lakh for salaried individuals (including ₹75,000 standard ...

Rent is Rs 8,333 per month (Rs 1 lakh/year) or below: You don’t need to submit landlord’s PAN number for claiming tax ...

On income tax portal, you can compute your tax payable by entering all the necessary figures such as total income earned, ...

Mukesh Pandey from Rupyaa Paisa said, “2025 is an ideal year for salaried folks to strategise better and save more on taxes.” ...

Salaried taxpayers opting for the old tax regime must now follow a revised ITR filing process for FY 2024-25. Merely using ...

According to Nikhil Kothari, director of Etica Wealth, the answer is based on the individual's tax regime and risk appetite.