Taxpayers in India will need to file income tax returns for Assessment Year 2023-24 by 31st July, 2023. Get the tips to meet the due date on time.
Income tax rates as per tax slabs – FY 2023-24 The Union Budget 2023 revised the new tax regime to be the default regime, effective from April 1, 2023. The old tax regime is, however, still available for taxpayers to use and it retains the benefit of exemptions and deductions. Under ...
I Have started as new in Income tax consultancy . Kindly guide me how your software can help me and how . I have a client base of approx 250 ITR payees. Reply Hitendra May 22, 2023 at 2:35 pm I want to file my income tax return on my own computer and I want to buy software...
Learn how to file Income Tax Returns ( ITR ) for FY 2022-23 (AY 2023-24) and FY 2023-24 (AY 2024-25). We covers tax concepts on Salary, interest, Capital Gains, House Property, Business and Profession and GST.
U.K. Corporate Tax 2023 April 2023 According to the U.K. spring budget 2023 starting April 1, 2023 the new corporate income tax rate in the U.K. is 25% compared to the previous 19% rate. The new 25% rate applies to companies with annual income exceeding GBP 250,000. ...
Income Tax Regime- Old Vs Newdoi:10.52403/IJRR.20210864Tushar D. Bagul
ITR Filing: Mismatch in AIS, Form 26AS data? What to do before filing tax return? When will new capital gains tax provisions come into force? – This and more FAQs on new rates, holding period of assets answered Income Tax Refund Status For FY 2023-24:...
Interest on housing loan (Section 24) Chapter VI-A deduction of 80C,80D, 80E and so on Common Deductions Allowed Under New Tax Regime Investment in Notified Pension Scheme under section 80CCD(2) Conveyance allowance for expenditure incurred for travelling to work. ...
This would imply that no income tax would be due on earnings up to Rs 7 lakh. New Tax Regime Slab Rates Tax SlabsNew Tax Regime 0-3 lakh NIL 3-7 lakh 5% 7-10 lakh 10% 10-12 lakh 15% 12-15 lakh 20% Above 15 lakhs 30% New Section 87A Rebate Suggested in Budget 2023 Accordin...
Income Tax Return filing is mandatory for Taxpayers whose income exceeds the prescribed income limit. ITR Filing process is regulated under the Income Tax Act 1961.