CBDT sending emails on ITR Filing & AIS Mismatches December 20, 2024 by suman The Central Board of Direct Taxes (CBDT) has launched its electronic campaign to assist taxpayers of India in resolving any mismatches or discrepancies between the income and transactions seen in the AIS annual infor...
“How Income Tax is Calculated on Salary?”– Navigating the labyrinth of income tax calculation in India, particularly for salaried individuals, can be akin to solving a complex puzzle. Fear not, for it’s a crucial puzzle to unravel in the realm of personal finance. Income Tax Calculator s...
This revenue will now be taxed as regular income. Short-term gains on financial assets will see a tax rate increase to 20% (up from 15%), while long-term gains will have a reduced rate of 12.5% (down from 20%). New income category names "Income from Salary“ has been renamed to "...
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1 Students are paid stipends for pursuing certain academic courses When it self exceeds individuals taxable limit of income whether itr to e filed Whether it is to be subjected to TDS - Income Tax Tax queries
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...
An online income tax calculator is an automated tool designed to help taxpayers calculate their liability as per the tax regime laid out by theIncome Tax Department in India. This calculator has integrated basic information such as annual salary, tuition fees, rent paid, interest on a child’s...
June 14, 2024CA VineetaIncome Tax News and Articles, Taxes in India 5 Minutes Read An employer usually refers to your initial base salary when discussing your pay. To form your complete ‘salary package,’ they incorporate different elements on top of this figure. These additions consist of ...
You're a non-resident Indian who accrued more than ₹2.5 lakh in India in a fiscal year. ITR filing is voluntary for individuals whose gross total income is below ₹2.5 lakh and do not meet any of the above criteria. Why should you file an income tax return? Here are six reasons ...
49 lakh cases of income tax refunds are pending with the revenue departmentraj kumar makkadPrint this