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 ...
Remember, any income earned by a minor from interests, investments, etc. is taxable for the parent. According to the tax slab, an exemption up to Rs. 1,500 u/s 10(32) can be claimed when a minor’s income gets clubbed with the parents. ...
· Failure in reconciliation of Form 26AS & TDS information Income tax e-filing 2020-21 contains lot many deductions, new income tax slab rates, new ITR forms & ITR due date extended etc. So as to minimise your Income tax & maximise your effective Income you must get in touch with our...
has officially extended the deadline for filing belated and revised Income Tax Returns (ITRs) for the fiscal year 2023-24 (AY 2024-25) from Dec 31, 2024, to Jan 15, 2025. This provides an additional window for taxpayers, particularly those with foreign assets or ... INCOME TAX CBDT: ...
How to Use Income Tax Calculator Online for FY 2024-25 & AY 2025-26? You firstly would need to enter your birth details. 1 Further ahead, there will be sections that would require information about your income details such as: Basic salary ...