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

By strategically utilizing deductions under the Old Tax Regime, salaried individuals can legally reduce their income tax to ...

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

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 ...

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

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

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

The clock is ticking for late ITR filing! Avoid penalties by filing your return now. Here's everything you need to know about ...

India's Budget 2025 may potentially abolish the old tax regime. The new tax regime, default since 2020-21, offers simplified, ...

At present, small tax-payers with special rate income such as short-term capital gains are unable to claim the rebate under ...

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 ...