Stay compliant and optimize your taxes. Vakilsearch provides expert guidance and online tools for hassle-free corporate tax filing for AY 2024-25. Get started today!
Select the financial year from the dropdown menu for which you want to calculate the income tax, then input your basic details such as your age group (it tells your applicable tax slab rates), type of city you are living in, earning source, the type of house you are living in, rent ...
The last date to file ITR for individuals for FY 2023-24 (AY 2024-25) is 31 Jul 2024. Details here Learn Properly How to show Capital Gains on Mutual Funds, Indian Stocks, ESPSs, RSUs of MNCs, Fixed Deposits, Refund, Pay Self Assessment Tax and More How to Capital Gains in ITR for...
on the income earned by an individual or business after certain deductions. Due to multiple income tax slab rates combined with many tax exemptions and deductions, calculation of income tax can be a challenging task. Not with the presence of an easy-to-use online income tax calculator, though...
No Income tax depends on the income earned, more the income, more the tax. The income slab also varies with age(less than 60,between 60 – 80 years, more than 80), residence(india/non-resident India), gender(male/female) and financial year. For quite some time India has four income ...
The assessing officer may contact the individual through a notice to furnish reasons for not filing the return within the due date. Not filing the return within the due date may lead to a levy of penalties up to INR 5,000. It was a well-known fact that the last date to file your ...
Income tax refund is the amount which the Government pays back to the taxpayer who has paid excess taxes. One may end up paying extra tax directly or indirectly. For example for a salaried individual, if an employee fails to declare tax saving investments or he does not claim HRA, his emp...
RJA 18 Oct, 2024 CBDT: Sets Systematic approach to verify 'high-risk' refund claims AY 2024-25 The Income Tax Department has introduced a systematic approach to verify 'high-risk' refund claims for the AY 2024-25 (Financial Year 2023-24) based on a Standard Operating Procedure (SOP) is...
The following table will show you the difference between the two tax rates which an individual can choose as per their financial feasibility: Income Tax Slabs New Tax Regime Slab Rate (AY 25-26) Old Tax Regime Slab Rate (AY 25-26) ...
TDS rate for Residents Individual and HUF Other than Individual/ HUF If valid PAN/Aadhaar are not given 1 Payment of Salaries by Employers 192 Slab rates for AY 2021-22 Slab rate Not applicable 30% 2 Premature payment by PF Organization from EPF A/c (i.e. before 5 Years). 192A 50...