Anyone earning Rs 2.5 lakh or more in India must file an ITR. This rule applies to everyone, not just high-income earners.

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

Y ou should file the tax return by July 31, 2025 if you have earned taxable income in India during the current financial year ...

In case of an NRI property seller in India, the buyer is responsible for withholding a tax, known as TDS, before making payment for the property. Awareness of the TDS procedure will enable a smoother ...

Finance Minister Nirmala Sitharaman is set to introduce a new Income Tax Bill aimed at simplifying the six-decade-old tax ...

Budget 2025 has brought about changes to Ulips, tax on NPS Vatsalaya and for filing of updated income tax returns. Read our ...

The Government of India levies tax upon the income of salaried and self-employed ... it becomes easier to calculate and file taxes, evade charges, and avail of deductions or exemptions accordingly.

Aiming to put more money in the hands of the middle class and simplify the whole filing process, the new Income Tax Bill is set to be tabled in the Parliament next week after receiving approval from ...

Although the income tax department has made efforts to automate the filing process, the tight deadlines have proven challenging for taxpayers. Alok Agrawal, Partner with Deloitte India ...

Almost all finance ministers of India have faced ... also avoid paying income tax. While only 2% of the population pays income taxes, nearly half of the companies that file income tax returns ...

Sitharaman announced in her budget speech that the new Income Tax Bill will be introduced in Parliament "next" week. The ...

The simplification of ITR forms has been a welcome change for NRIs. However, e-verification of ITR form to successfully ...