Tax filing 2024: What all senior citizens should know before filing taxes for AY2024-25

Tax filing 2024: What all senior citizens should know before filing taxes for AY2024-25

Income Tax for senior citizens: As the deadline for income tax filing nears, it is imperative for senior and super senior citizens to comprehend the distinct provisions. The Income Tax Department has designated exemptions, deductions, and advantages designed for senior citizens and super senior citizens in accordance with the Income Tax Act, 1961. The income … Read more

Income tax return filing for FY23-24: Check details of Form 16 issue date, ITR forms

Income tax return filing for FY23-24: Check details of Form 16 issue date, ITR forms

All salaried individuals need to wait at least more than two months to file income tax returns (ITR) for the financial year 2023-24. As per the usual schedule, employers issue Form 16 around mid-June, i.e before June 15. For FY 2023-24 (assessment year 2024-25), Form 16 should be issued by June 15, 2024. Form 16 … Read more