Salaried taxpayers often face higher tax deductions at source (TDS) on their salaries despite having paid TDS or tax ...

The income tax department has launched a simple tool to help taxpayers compare taxes under the New Tax Regime for FY 2024-25 ...

The Union Cabinet on Friday approved the Income Tax Bill, a move aimed at simplifying taxation for the common man.

In an interview to TOI, chairman of the Central Board of Direct Taxes (CBDT) Ravi Agrawal says he is confident that direct ...

Income Tax raid: The Income Tax Department today (February 6) conducted raids at the premises of Congress MLA and former ...

Bombay High Court heard a petition filed by Hiralal H. Malu, the legal representative of his late wife, Shakuntala Malu, regarding the return of seized jewelry. The Income Tax Department had seized ...

The agency has booked nine people, including I-T deputy commissioner Vijayendran R and two department inspectors, apart from ...

According to the Income Tax Department, in the new tax regime under section 115BAC(1A), marginal relief is available to resident individuals who have taxable income marginally above Rs 12 lakh.

Undisclosed foreign income/assets: Taxpayers will be liable to a penalty of three times the amount of tax that would have ...

India's new Income Tax law aims to simplify tax laws, reduce litigation, and make it easier for taxpayers to understand their ...

The biggest change is the revised tax slab, which ensures that individuals earning up to Rs 12 lakh annually will not have to pay any income tax ...

CBI has registered a case against One Deputy Commissioner (IRS) (IT) & two Inspectors of Income Tax Department, five Chartered Accountants and one private person and unknown others on the allegations ...