WhatThe income tax return filing for FY 2024-25 (AY 2025-26) is upon us. However, many taxpayers are unaware of the income tax slabs that will apply to their income under the new tax regime, which is ...

The guide explains the FY 2025-26 tax slabs, enhanced rebate benefits, and key filing requirements under the default new tax regime. The takeaway is that accurate reporting and document verification ...

Under the Income Tax Act, a senior citizen is defined as a resident individual aged 60 years or older, but less than 80 years ...

Section 87A tax relief to resident individuals whose total income is less than the prescribed limits. How does it work? The ...

Income Tax Department updates ITR forms for AY 2026-27, expanding disclosures for salaried taxpayers, traders and small businesses, with no change in tax slabs.

Retirement does not automatically exempt individuals from income tax filing, as pension income remains taxable in many cases. Pensioners may still need to file ITR based on income levels, tax regime ...

Taxpayers filing their income tax returns for Financial Year (FY) 2025-26 (Assessment Year 2026-27) will encounter several ...

Received your Form 16 and planning to file your ITR right away? Chartered accountant Nitin Kaushik cautions salaried ...

Investors receiving dividend income or bonus shares must consider tax implications while filing ITR. Dividends are now taxable in the hands of investors, subject to slab rates and TDS if over ₹10,000.

Income Tax Return filing is beneficial even for those below the exemption limit as it serves as income proof for loans and ...