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  Due date to file income tax returns extended till August 31? Here's what we know

  Business | July 31, 2024 12:08 IST

  More than 5 crore Income Tax Returns (ITRs) have been filed on the e-filing portal so far this fiscal year, the income tax department said on July 27. The figure is 8 per cent more than what it was last year.

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  ITR filing 2024: How to make income of Rs 10 lakh tax-free? | Know calculations here

  Business | July 29, 2024 8:02 IST

  ITR filing 2024: To benefit from income tax exemptions on earnings up to Rs 10 lakh, you should opt for the old tax regime. Here’s how you can make an income of Rs 10 lakh tax-free.

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  Income Tax dept warns ITR filers of stern action in case of bogus TDS claim | Check last date

  July 28, 2024 19:42 IST

  In its latest public communication, the Income Tax Department has asked the taxpayers to make "correct and accurate" claims while filing the ITR.

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  ITR filing: 'Over 5 crore returns filed so far this fiscal year', says Income Tax Department

  July 27, 2024 20:42 IST

  The last date to file the Income Tax Returns for the assessment year 2024-25 and financial year 2023-24 is July 31. Once filed the ITRs will be processed and verified by the department.

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  Budget 2024 | Old or new tax regime: Which will be more beneficial for you? Know here

  Budget | July 24, 2024 9:13 IST

  Budget 2024: Finance Minister Nirmala Sitharaman has introduced changes in the new tax regime. Following these changes, taxpayers will need to evaluate whether the old or new tax regime is more beneficial for them. Let us know which will be beneficial for you based on your income.

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  Budget 2024: 'Can't say if there will be a sunset', says Nirmala Sitharaman on old tax regime

  Budget | July 23, 2024 18:12 IST

  Nirmala Sitharaman stated that no decision has been made on scrapping the old regime, emphasising the government's intention to simplify the tax system. The revised New Tax Regime aims to provide annual tax savings for individual taxpayers, effective from April 1, 2024.

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  Union Budget 2024: 'Simplified taxation, revenue mobilisation in focus,' says Nirmala Sitharaman

  Budget | July 23, 2024 17:03 IST

  Union Finance Minister Nirmala Sitharaman, during a press conference on the Union Budget 2024, announced a simplified approach to taxation aimed at boosting investment, with the average taxation reduced to 12.5 per cent. She also emphasised the need to widen the tax net and highlighted the increase

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  Budget 2024: Key announcements by Finance Minister Nirmala Sitharaman

  Business | July 23, 2024 18:26 IST

  Finance Minister Nirmala Sitharaman, presenting her seventh-consecutive Budget and her first in Modi 3.0, spotlighted nine priority areas for generating ample opportunities for all.

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  Budget 2024: These mutual fund investors will benefit if govt raises income tax Section 80C limit

  Budget | July 23, 2024 7:11 IST

  Budget 2024: These funds are among the top investment choices for both salaried individuals and the self-employed. They are the only mutual funds that qualify for a tax deduction under Section 80C of the Income Tax Act, 1961.

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  Stage set for first Budget of Modi 3.0: Nirmala Sitharaman to present 7th Budget in row

  Budget | July 22, 2024 23:58 IST

  Budget 2024: Finance Minister Nirmala Sitharaman is set to present the first budget of Modi 3.0 in Lok Sabha, marking her seventh budget presentation. Prime Minister Modi emphasised the budget's significance in the "Amrit Kaal" journey towards a developed India by 2047.

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  Sitharaman to present Budget 2024: Understanding the Budget, its impact on India's economy

  Budget | July 22, 2024 18:47 IST

  Union budget 2024: Key areas to watch include GDP growth projections, tax collection performance, fiscal deficit management, inflation control measures, and export strategies. The budget's impact on public spending and economic trajectory will be significant.

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  Budget 2024: When and where to watch Nirmala Sitharaman's budget speech? Know here

  Budget | July 23, 2024 10:51 IST

  Union Budget 2024: The first full budget of the BJP-led NDA government in its third successive term will be presented by Finance Minister Nirmala Sitharaman on July 23. Stay tuned to the India TV news channel for Nirmala Sitharaman's budget speech.

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  ITR alert: Don't forget to claim these four deductions to reduce tax while filing return

  Business | July 21, 2024 9:35 IST

  ITR filing 2024: Reduce your tax liability by claiming eligible deductions when filing your income tax return (ITR). However, if you forget to claim these deductions, you won’t be able to claim them in the next financial year.

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  Income Tax assessment year 2024-25: How does your ITR get processed by tax department? Details

  July 08, 2024 17:46 IST

  The last day to file the Income Tax Return (ITR) is July 31. After the returns are filed, the department will verify the claims and subsequently initiate the refunds accordingly. Know about how the ITRs are processed and what steps to take.

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  Credit cards, Paytm wallets, ITR filing: Key financial deadlines and rule changes in July 2024

  July 01, 2024 9:57 IST

  As July approaches, prepare for significant financial changes impacting credit cards, Paytm wallets, and income tax filings. Key updates include Paytm closing inactive wallets on July 20, 2024, SBI Card ending reward points on government transactions, and ICICI Bank adjusting credit card fees.

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  Madhya Pradesh cabinet revokes 52-year-old rule, ministers to now pay their Income Tax

  Madhya Pradesh | June 25, 2024 16:49 IST

  Previously, the government used to cover the income tax payments for ministers in Madhya Pradesh. However, 52 years later, the Mohan government changed the rule and the ministers will now be responsible for paying their own income tax.

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  Income Tax department issues reminder on PAN-Aadhaar linking to avoid higher TDS. Check details

  Business | May 29, 2024 9:52 IST

  The Income Tax Department took to social media to inform taxpayers about the crucial deadline to link their PAN to Aadhaar. The department's post emphasised that not linking PAN with Aadhaar would lead to a higher rate of TDS.

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  LIC plans health insurance foray after historic dividend payout, explores acquisitions

  May 28, 2024 20:07 IST

  The LIC's move comes after a proposal to introduce composite insurance companies, allowing life insurers to offer hospitalisation and indemnity coverage, pending an amendment to the Insurance Act.

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  'After June 4, BJP leaders will go to jail for electoral bonds scam,' claims AAP's Atishi

  Delhi | May 21, 2024 22:12 IST

  On Manish Sisodia's bail rejection in the excise case, AAP said the party "respectfully disagrees" with the Delhi High Court's decision and will approach the Supreme Court to seek "justice" for the former Delhi deputy chief minister.

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  Delhi: One dead after massive fire erupts at ITO building, employees safely evacuated | VIDEO

  Delhi | May 14, 2024 18:28 IST

  Delhi: The fire, believed to have originated on the third floor, is under investigation. In a separate incident, an explosion led to a fire in a residential building in south Delhi, with no casualties reported.