Ahead of the Budget 2025, here's a comprehensive guide to the key deductions available under the old tax regime.

The last date to file a revised income tax return (ITR) is January 15, 2025 as per the order of the Honourable Bombay High ...

What is the difference between revised and belated ITR? Revised ITR can be filed by a taxpayer who has filed his/her original ...

The Income Tax department has released Excel utilities in two major forms ITR2 and ITR3 for enabling taxpayers to claim the ...

What exactly is section 87A? This section of the Income Tax Act allows taxpayers to reap the benefits of the rebate system. A ...

Eligible taxpayers who have income up to Rs 5 lakh/7 lakh can claim tax rebate under section 87A up to Rs 12,500/25,000. The ...

The quantum of maximum rebate under Section 87A is ₹12,500. So, in case the total tax before cess is less than ₹12,500 for an ...

Bombay High Court had given an interim relief by ordering the tax department to extend the revised and belated ITR filing ...

It is important to note that eligible taxpayers who were previously unable to claim the Section 87A tax rebate can now do so ...

It is also the last chance for other individual tax-payers who may have missed filing their returns by July 31, or spotted ...