The Income Tax Department has officially opened the portal for filing Income Tax Returns (ITR) for Assessment Year 2025-26.

In this article, let’s compare how a one-time investment of Rs 1,00,000 followed by a convenient Rs 1,000 monthly SIP may mean for investors at expected annualised returns of 10 per cent, 12 per cent ...

Who is not eligible to file ITR 1? The ITR- 1 form cannot be used by a person who has an asset outside India or who is earning income from abroad. Also those individuals whose annual income is ...

“1) For that, the Ld. CIT (A) has erred in deleting an addition of Rs.2,97,16,776/- made by the AO as unexplained expenditure u/s 69C of the Income Tax Act although no supporting bills for such ...

Submit your investment proof to your employer by March 31, 2025, to save tax This ensures lower tax deductions in your Form-16. This is particularly important ... Key investments you must make now ...

New Delhi: As the new financial year begins on April 1, several significant changes in ... to file updated income tax returns (ITR-U). This extension allows individuals to correct errors or ...

Currently, it is Rs 7 lakh for the ongoing FY 2024-25. So, those earning above Rs 7 lakh will receive higher salary starting April 1 due to lower TDS (tax deducted at source), as they are the primary ...

Form 26Q is a crucial TDS return that must be filed quarterly for payments other than salary made to a payee. It ensures compliance with tax regulations by reporting the total amount paid and TDS ...

ITR Season 2025: As the financial year 2024-25 is coming to an end, the ITR season 2025 is set to begin from April 1. Though income tax return (ITR ... taxpayers should ensure that their Form 26AS ...

The total Medicare tax amount is split between employers and employees, each paying 1.45% of the employee's income ... The self-employment tax amount is based on net earnings calculated using IRS form ...

The online ITR filing process for assessment year 2025-26 will officially start on April 1, 2025 even though the financial year 2024-25 is about to finish within the next month. Taxpayers can choose ...