Income Tax Department Latest News, Photos and Videos

ITR filing extension 2025-26: Taxpayers flag glitches as deadline ends today, seek extension

Income Tax | Sep 15, 2025, 11:31 PM IST

ITR filing extension 2025-26: As of 12:00 PM today, the Income Tax Department reported that 6.7 crore ITRs have been filed. Of these, 6.03 crore returns have been verified, and more than 4 crore returns have already been processed.

Centre withdraws Income Tax Bill 2025, revised version to be tabled on August 11

Business | Aug 08, 2025, 11:47 PM IST

Centre withdraws Income Tax Bill 2025: To avoid confusion by multiple versions of the Bill and also to provide a clear and updated version with all changes incorporated, the revised Income Tax Bill will be tabled for the consideration of the House on Monday.

Protean eGov shares crack 20% to hit lower circuit after latest update on PAN - Details

Market | May 19, 2025, 12:05 PM IST

Protean eGov Shares Price: The company has not been shortlisted for the next phase of the PAN 2.0 project RFP selection by the Income Tax Department.

From reducing legal complexities to streamline compliance: How New Income Tax Bill to help taxpayers

Business | Feb 11, 2025, 06:05 PM IST

FM Nirmala Sitharaman had last week said she is likely to introduce the new income tax bill, which will replace the six-decade-old I-T Act, in the Lok Sabha in the coming week.

No income tax upto Rs 12 lakh: Social media sparks meme frenzy after Budget 2025

Trending | Feb 02, 2025, 01:04 PM IST

Budget 2025 brings cheer to taxpayers! No income tax up to Rs 12 lakh sparks a meme fest on social media. Netizens rejoice and celebrate the tax relief with hilarious reactions.

Zero tax nations vs high tax countries: A global look at Income Tax systems

Personal Finance | Jan 23, 2025, 06:41 PM IST

Discover the stark differences between tax-free countries like the UAE and Kuwait, where citizens enjoy zero income taxes, and high-tax nations like Finland and Denmark, which fund social welfare programs. This global tax comparison highlighted diverse economic models and their impact on citizens.

Budget 2025 Finance Minister Nirmala Sitharaman

Budget 2025: Taxpayers anticipate income tax relief, know current slabs under new and old tax regime

Income Tax | Jan 17, 2025, 11:55 AM IST

Budget 2025: As Budget approaches, taxpayers are eagerly awaiting Finance Minister Nirmala Sitharaman’s announcement on February 1, 2025, with hopes for significant income tax relief. Here's a detailed comparison of the current slabs under the new and old tax regimes.

ITR filing: Deadline of 'Vivad Se Vishwas' extended, revised and belated filing now till January 15

Personal Finance | Dec 31, 2024, 12:48 PM IST

The Income Tax Department has extended the deadline for filing revised and belated ITR for AY 2024-25 to January 15, 2025. This move, announced by CBDT, aims to help taxpayers address AIS and ITR mismatches and ensure accurate filings. Here’s everything you need to know.

Income tax calendar 2025: Key deadlines for January you need to know

Business | Dec 30, 2024, 01:14 PM IST

Knowing crucial dates is necessary to avoid penalties and ensure a smooth tax filing process. Here are some of the key dates that you need to check for January 2025.

PAN 2.0 explained: Govt clarifies validity of existing cards and costs for upgrades

Personal Finance | Dec 26, 2024, 01:22 PM IST

The Government of India launched the PAN 2.0 project with dynamic QR codes and enhanced services. Existing PAN cards remain valid—Know more about the features and FAQs here.

Attention taxpayers: CBDT issues alerts to taxpayers on mismatch in ITR, information statement

Business | Dec 17, 2024, 03:37 PM IST

The Central Board of Direct Taxes (CBDT) in a statement said it has launched an electronic campaign to assist taxpayers in resolving mismatches between the income and transactions reported in the AIS and those disclosed in Income Tax Returns (ITRs) for the financial years 2023-24 and 2021-22.

How much cash can you keep in savings account without attracting Income Tax notice? Know the Rules

Business | Dec 14, 2024, 02:19 PM IST

Know the income tax rules for savings accounts and how much cash you can deposit without attracting scrutiny. Discover the daily cash transaction limits, high-value transaction reporting requirements, and how to respond to an income tax notice.

Rs 5,000 late fee: Your last chance to file belated ITR before December 31, check steps here

Income Tax | Dec 10, 2024, 12:10 PM IST

Taxpayers who missed the July 31 deadline for Income Tax Return (ITR) filing for FY 2023-24 (Assessment Year 2024-25) must file by December 31 to avoid increased penalties. Know the late fees, steps to file, and what happens if you miss the deadline.

PAN 2.0: What's there in the Cabinet decision for existing holders?

Explainers | Nov 30, 2024, 02:32 PM IST

To modernise India’s tax administration, the Union Cabinet has approved PAN 2.0, the upgrade of PAN services. The new upgrade will feature streamlining of registration and verification processes using cutting-edge technology.

Attention PAN cardholders: Here's how to check if your PAN card is active or not

Business | Nov 21, 2024, 02:34 PM IST

Many individuals have more than one PAN card due to an error. However, it is important to check if their PAN card is still active or not.

Record 7.28 crore Income Tax Returns filed by July 31, marking 7.5 per cent increase: Tax Department

Income Tax | Aug 02, 2024, 06:03 PM IST

The Income Tax Department set a new record with 7.28 crore ITR filings for the fiscal year 2024-25, marking a 7.5% increase from last year. A notable 72% of taxpayers opted for the new tax regime.

ITR Filing: How to check your tax refund status online using PAN card? Know step-by-step guide

Income Tax | Jul 31, 2024, 06:45 PM IST

ITR Filing 2024: Today is the deadline for ITR filing. Taxpayers who have filed their returns and are due a refund can expect processing to take 15 to 45 days after e-verification. Refund status can be checked online using a PAN card on the Income Tax e-filing portal.

Income Tax Department