Income Tax
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Tax saving on donation: Donated to Ayodhya Ram Mandir? You can claim up to 50% deduction
Income Tax | Mar 27, 2025, 04:58 PM ISTSection 80G of the Income Tax Act allows individuals, companies and firms to claim tax deductions on donations made to eligible charitable institutions and funds.
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Direct tax collection rises 13 per cent to Rs 21.26 lakh crore so far this year
Income Tax | Mar 17, 2025, 05:59 PM ISTAdvance tax is to be paid before the end of the financial year on the income that one would have earned that year.
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Attention Taxpayers: Only two days left to do this important thing related to income tax
Income Tax | Mar 13, 2025, 05:48 PM ISTAccording to Income Tax regulations, those individuals having a total tax liability on income from sources other than salary of over Rs 10,000 for the financial year need to pay tax in advance.
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Opting for old tax regime? Check these tax-saving schemes under Section 80C
Business | Mar 10, 2025, 01:11 PM ISTOld tax regime: One of the most valuable deductions available under the Old Tax Regime is Section 80C, which allows taxpayers to claim deductions of up to Rs 1.5 lakh per financial year.
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ITR deadline: Taxpayers can file updated returns for FY22, FY23 before March 31 | Check all details
Business | Mar 07, 2025, 09:28 PM ISTAn updated return can be filed at any time, but it must be submitted within two years from the conclusion of the relevant assessment year; the provision for this was introduced by the Finance Ministry in the Finance Act 2022.
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Income Tax officials can track emails, social media from 2026: Here is what it would mean to you
Personal Finance | Mar 06, 2025, 06:03 PM ISTStarting April 1, 2026, Indian income tax officials will have the legal authority to access emails, social media, and online transactions under a new law aimed at curbing tax evasion. Learn how this impacts taxpayers and privacy concerns.
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What are major changes in TDS and TCS rules from April 1? Here's what taxpayers must know
Personal Finance | Mar 06, 2025, 01:09 PM ISTIndia’s taxation system is an evolving structure aimed at economic growth and equitable revenue distribution. With continuous reforms, the central government aims to simplify tax compliance, reduce the burden on taxpayers, and enhance ease of doing business.
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ITR filing under new income tax regime: These 3 deductions may help you save money, maximise savings
Income Tax | Feb 26, 2025, 05:47 PM ISTStandard Deduction is a fixed amount that can be subtracted from the taxpayers' total income to bring down the amount of income subject to taxation.
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Income Tax Bill 2025: Now you can do 'section to section mapping' of I-T Act, check here how
Business | Feb 15, 2025, 01:35 PM ISTThe Income Tax Bill 2025 will come into effect from April 1, 2026, after it is vetted by a Select Committee of the Lok Sabha and cleared by Parliament.
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Lok Sabha Speaker constitutes 31-member Select Committee to examine New Income Tax Bill | Full list
India | Feb 15, 2025, 06:44 AM ISTNew Income Tax Bill: On February 14, Union Finance Minister Nirmala Sitharaman had introduced the Income Tax Bill, 2025, in the Lok Sabha and urged Speaker Om Birla to refer it to a select committee of the House.
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Explained: Tax year vs assessment year vs financial year vs calendar year in Income Tax Bill 2025
Personal Finance | Feb 14, 2025, 03:47 PM ISTIncome Tax Bill 2025: As per the draft Income Tax Bill 2025, the tax year is a 12-month period beginning on April 1 and ending on March 31.
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New Income Tax Bill: From 'tax year' to special provision for capital gains computation, what's new?
Business | Feb 13, 2025, 03:01 PM ISTFinance Minister Nirmala Sitharaman urged the Lok Sabha Speaker to refer the Income Tax Bill, 2025, to the Select Committee of Lok Sabha.
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New Income Tax Bill: 23 chapters, 622 pages, 536 sections - Everything you need to know
Business | Feb 12, 2025, 01:46 PM ISTNew Income Tax Bill: The income tax department received 6,500 suggestions from stakeholders on the review of the Income Tax Act.
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From reducing legal complexities to streamline compliance: How New Income Tax Bill to help taxpayers
Business | Feb 11, 2025, 06:05 PM ISTFM 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.
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New Income Tax Bill likely to be introduced in Lok Sabha next week
Business | Feb 08, 2025, 04:24 PM ISTThe Finance Minister had first announced a comprehensive review of the Income-Tax Act, 1961 in the July 2024 Budget.
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New Income Tax Bill gets Cabinet approval, likely to be introduced in Parliament next week: Sources
Income Tax | Feb 08, 2025, 12:01 AM ISTIn her Budget speech on July 23, 2024, Union Finance Minister Nirmala Sitharaman had announced a comprehensive review of the Income Tax Act, 1961, within six months. The income tax department has received 6,500 suggestions from stakeholders on review of the Income Tax Act.
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Income tax dept raids premises of Punjab Congress MLA Rana Gurjeet Singh
India | Feb 06, 2025, 10:15 PM ISTIncome Tax raid: Singh is an MLA from Kapurthala seat. He had remained a minister in the previous Congress government.
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Income Tax alert: Cash transfers to wife may attract IT notice | Know the Rules
Personal Finance | Feb 06, 2025, 08:50 AM ISTTransferring money to your wife via UPI or cash? Know about the latest Income Tax Rules 2025 under Sections 269SS and 269T to avoid an IT notice. Find out the legal limit for cash transactions, tax-free gift rules, and the safest banking methods.
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Income up to Rs 12 lakh is tax-free, but do you know the tax-exemption limit? Find out
Personal Finance | Feb 03, 2025, 02:22 PM ISTFinance Minister Nirmala Sitharaman had in July last year announced a comprehensive review of the Income-tax Act 1961.
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NPS Vatsalya: Tax benefits to be available under Section 80CCD(1B)
Personal Finance | Feb 02, 2025, 06:34 PM ISTUnder the NPS Vatsalya scheme, all minor citizens up to the age of 18 are eligible to open an account.