How to file ITR without Form 16: The 26AS form provides details of any amount deducted as TDS or TCS from various sources of income for a...
Different forms of returns are prescribed for different classes of taxpayers. The Central Board of Direct Taxes (CBDT) had notified ITR forms...
Exam fees, affiliation fees, the sale of textbooks and publications, registration fees, sports fees, training costs, and other academic receipts are a...
The tax calculator does not purport to give correct tax calculation in all circumstances. In February 2023, the Income Tax department released...
If an employee fails to choose between the new and old tax regime, the employer will take the new income tax regime...
Income Tax Returns (ITRs) for the FY 2022-23 are due by July 31. On April 1, the new assessment year 2023-24 began. July...
The new income tax regime became the default option available to all taxpayers – including salaried employees – from financial year 2023-24,...
New Tax Regime Vs Old Tax Regime selection: Salaried taxpayers now have to declare their choice of tax regime to employers so...
Many of the deductions and exemptions available in the old tax regime are not there in the default tax regime. Read More:- Rs...
It’s the beginning of a new financial year and employers have started rolling out the tax declaration form for employees. For salaried...