Form 16 is a certificate provided by an employer to employees, which includes the details of the employee’s salary and the ...

Form 16 is a crucial document for salaried employees in India, particularly as the income tax return (ITR) filing season for ...

This type of income tax notice is coming soon to these identified persons relating to AY 2019-20, 2020- 21 and 2021-22; Know ...

The IRS warns that an estimated $1 billion in tax refunds from the 2021 tax year may become the property of the U.S. Treasury ...

Every year, while filing (ITR), taxpayers face a common dilemma, should they choose the new tax regime or stick to the old one? In Budget 2023, the government made the new tax regime the default ...

Form 16 is a TDS certificate issued by employers to outline the salary earned and TDS deducted on the same in a given fiscal ...

The provision for filing an updated return was introduced in the Finance Act of 2022 when Finance Minister Nirmala Sitharaman ...

This article discusses the top mistakes taxpayers make concerning PAN when e-filing returns and simple tips to avoid them.

The government has given some relief to individual taxpayers by extending the time limit for filing updated Income Tax ...

The GDP growth in Q3 FY25 was driven by enhanced rural consumption due to favourable monsoon conditions and higher government ...

ITR-U: Requires paying additional tax (25–50% of dues, depending on filing timeline). No separate penalties, but interest may ...

This means if you chose the new tax regime last year, you can switch to the old one this year. However, you must decide before the ITR filing deadline (July 31, 2025). According to the Income Tax ...