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The time has come to file an Income Tax Return (ITR). Like every year, all taxpayers including salaried employees will be ...
Taxpayers are required to choose an ITR form and file their returns based on their total income, nature of income, and the ...
There is often confusion in calculating tax. The last date for filing ITR for the financial year 2024-25 has been kept as ...
Taxpayers who receive salaries together with all other citizens can start preparing income tax returns for the previous ...
Adding further, many senior citizens mistakenly assume that filing returns isnt necessary if tax is already deducted at ...
If you chose the new tax regime last year, you can opt for the old one this year — provided you make the decision before the ITR filing deadline (July 31, 2025). However, the old tax regime is ...
By understanding the specific criteria for each ITR form, you can make an informed decision on which form is right for you. Here are the key points to consider for each type of ITR form ...
Filing ITR is not only a legal responsibility but also important for taxpayers’ financial health. It keeps a record of one’s income and tax payments and helps in taking loans, applying for ...
There has been considerable growth in the number of income tax returns filed in FY25 over FY24 with respect to ITR forms i.e., ITR-1, ITR-2, ITR-3, ITR-4 and ITR-5. With respect to ITR-2 ...