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  Tax saving on donation: Donated to Ayodhya Ram Mandir? You can claim up to 50% deduction

  March 27, 2025 16:58 IST

  Section 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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  Haryana launches One Time Settlement Scheme-2025 for shopkeepers | Check benefits, features

  Haryana | March 23, 2025 21:43 IST

  The OTS-2025 will help to make paying tax easy for entrepreneurs, especially small shopkeepers in Haryana who could not pay the outstanding amount of their taxes due to various reasons.

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  Direct tax collection rises 13 per cent to Rs 21.26 lakh crore so far this year

  March 17, 2025 17:59 IST

  Advance 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

  March 13, 2025 17:48 IST

  According 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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  ITR filing under new income tax regime: These 3 deductions may help you save money, maximise savings

  February 26, 2025 17:47 IST

  Standard 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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  Adani Group pays Rs 58,104 crore tax in FY24, up from Rs 46,610 crore in previous year

  Business | February 23, 2025 16:00 IST

  The conglomerate helmed by billionaire Gautam Adani released its Tax Transparency Reports for the financial year 2023-24 (April 2023 to March 2024).

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  New Income Tax Bill: 23 chapters, 622 pages, 536 sections - Everything you need to know

  Business | February 12, 2025 13:46 IST

  New 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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  Income Tax alert: Cash transfers to wife may attract IT notice | Know the Rules

  February 06, 2025 8:50 IST

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

  Trending | February 02, 2025 13:04 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.

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  Budget 2025: How much benefit will you get due to new Income Tax slabs? Explained

  Budget | February 01, 2025 16:01 IST

  Budget 2025, Income Tax Slabs: Finance Minister Nirmala Sitharaman said that slabs and rates are being changed across the board to benefit all tax-payers.

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  Supreme Court rejects PIL seeking to scrap TDS system of tax collection: 'Very badly drafted'

  India | January 24, 2025 12:24 IST

  A bench comprising Chief Justice Sanjiv Khanna and Justice Sanjay Kumar permitted lawyer petitioner Ashwini Upadhyay to move the Delhi HC with his plea.

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

  January 23, 2025 18:41 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.

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  What is tourist tax? 6 common types of taxes to watch out for, know things to keep in mind

  Travel | January 23, 2025 12:47 IST

  If you are planning to travel this year then you must know about the tourist tax. However, before selecting any destination you should know about 6 common taxes.

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  Budget 2025 should reduce tax, compliance burden on middle class and SMEs, says expert

  Budget | January 16, 2025 7:12 IST

  Budget 2025: Currently, small businesses with an annual turnover of up to Rs 3 lakh are allowed to opt for presumptive taxation subject to condition that cash receipts is up to 5 per cent of total receipts.

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  ITR filing deadline: Last 2 days to file late income tax, penalty, how to file ITR after due date?

  January 14, 2025 16:35 IST

  Taxpayers have until January 15, 2025, to file their belated Income Tax Return (ITR) for FY 2023-24. Missing this deadline could lead to penalties of up to Rs 5,000, legal notices, and complications in future filings. Salaried employees must also submit tax-saving proofs by this date.

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  What happens if you don't pay tax in India? Here's all you need to know

  Business | January 12, 2025 10:58 IST

  Tax in India: In India, failing to pay taxes can lead to a series of legal and financial consequences. Read to know what can happen if you don't pay your taxes.

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  Claim tax exemption on rent without HRA: A complete guide to Section 80GG benefits

  January 10, 2025 19:52 IST

  Know how to claim tax exemptions on rent payments even if you don’t receive HRA. Under Section 80GG of the Income Tax Act, salaried and self-employed individuals can save taxes by meeting specific conditions.

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  Facing issues with GST portal? Govt likely to extend filing deadline for taxpayers

  January 10, 2025 16:34 IST

  The GST portal is facing significant technical glitches, causing disruptions in GSTR-1 filings for December 2024. Businesses and tax professionals have raised concerns about delays and operational challenges.

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  Good news for FD investors: Finance Minister likely to make major announcements in Budget

  January 04, 2025 23:49 IST

  The Union Budget 2025-26 may bring good news for FD investors, with potential tax exemptions on fixed deposit income and shorter lock-in periods for tax-saving FDs. FM Nirmala Sitharaman is expected to introduce measures to boost FD investments and address banking sector liquidity challenges.

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

  December 31, 2024 12:48 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.