Income Tax Return Processing AY 2024-25: Over 6.58 crore income tax returns (ITRs) have been filed so far for the Assessment Year 2024-25, according to latest update shared by the Income Tax Department on Wednesday. Over 5.53 crore ITRs have been verified and...
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Filing Income Tax Return Due Date for AY 2024-25 (Audit Cases)The general due date for filing the Income Tax Return for the audit cases is 31st October 2024. Note: The government has revised it till 15th November 2024 via circular No.13 /2024....
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equal instalments over 12 months. To be eligible to pay your Income Tax bill this way you must have completed your paper tax return before 31st October or your online tax return by 31st December. If you meet all three requirements but do not wish to pay in this way you should notify ...
You have follow the steps given below to figure out the tax payable on your income for FY 2024-25 or AY 2025-26: Step 1: Provide your basic details Select the financial year from the dropdown menu for which you want to calculate the income tax, then input your basic details such as ...
You (oryour spouse if you file a joint return) are between 25 and 65 years old at the end of the tax year, usually Dec. 31. 6. Your tax year investment income must be below $11,600 in 2024 ($11,950 in 2025), for the year. This amount is adjusted to inflation annually. ...