Last Updated:February 22, 2025, 15:05 IST Income Tax Calculator: The CBDT has released the key highlights of the Finance Bill, 2025, explaining that the capital gains will excluded from calculating the Section 87A rebate. Income Tax Calculator. Income Tax Calculator: Finance Minister Nirmala Sitharaman in her Budget Speech 2025 announced that there will be no…
Last Updated:February 13, 2025, 15:05 IST New Income Tax Bill 2025: The Bill seeks to replace 298 sections and 14 schedules in the existing Income Tax Act, 1961, with a 622-page new law enshrined in 536 sections, 23 chapters and 16 schedules. New Income Tax Bill proposes to replace the words ‘assessment year’ and ‘previous…
Last Updated:February 16, 2025, 14:17 IST The income tax department has launched a simple tool to help taxpayers compare taxes under the New Tax Regime for FY 2024-25 and FY 2025-26 (after budget proposal). Income Tax Calculator. Income Tax Calculator: Even as the new Income Tax Bill, 2025, has been introduced in Parliament, it seeks…
Last Updated:February 20, 2025, 11:46 IST Income Tax Calculator: If you have a total cost-to-company (CTC) of Rs 14.65 lakh annually and you avail of provisions like NPS and EPF contributions, your tax liability will become nil. Here’s how: Income Tax Calculator. Income Tax Calculator: The government has exempted an annual income up to Rs…
The new tax regime aims to end various deductions and claims and offer a flat and lesser tax rate to the taxpayers. (Representative image) In some cases refunds are held up because the taxpayer has not validated their bank account Around 35 lakh cases for issuance of refunds are currently “held up” with the Income-Tax…
Published By: Business Desk Last Updated: September 30, 2023, 07:00 IST Tax deductions up to Rs 1.5 lakh per annum for NPS investments can be claimed under Section 80C. (Representative image) The National Pension Scheme (NPS) is a market-linked product designed to provide retirement benefits to investors. In order to reduce the burden of income…
As many as 7.09 crore Income Tax Returns have been filed for income earned in 2022-23 fiscal. The Income Tax Department said it is making every effort to complete the processing of ITRs and issuance of refunds expeditiously. Income Tax Refund Update: The income tax department has recently asked taxpayers, urging them to promptly address…
Curated By: Business Desk Last Updated: September 13, 2023, 18:51 IST Alimony is effective under Section 25 of the Hindu Marriage Act. Alimony is the financial help offered for the maintenance, support or sustenance of a spouse after a divorce. Divorces are emotionally and financially draining experiences. They involve not just the investment of time,…
Curated By: Business Desk Last Updated: September 05, 2023, 17:51 IST UAE is an income tax-free country. Monaco is an exquisite place and one of the most beautiful countries to live in. This country does not levy income tax. Every person who belongs to a certain income slab has to pay income tax in India,…
Income Tax: There are about 14 lakh ITRs for AY 2023-24 which have been filed but are yet to be verified by the taxpayers as on September 4, 2023. Income Tax: About 6.98 crore ITRs have been filed for AY 2023-24, out of which 6.84 crore ITRs have been verified The income tax department on…