ITR forms 2025 now released: Which one should you file?
ITR forms now released Which one should you file Source link
ITR Filing 2025
Confused between which ITR form to choose this year for tax return filing? Here’s some details
ITR filing 2025-26: The commencement of the new financial year marks the official beginning of the filing of Income Tax Returns (ITRs) for the Assessment Year 2025-26. As in previous years, taxpayers have the option to file their tax returns through both online and offline channels. An Income Tax Return (ITR) is a document used … Read more
ITR filing 2025: Not Rs 12.75 lakh, this is the tax-free income for AY2025-26; check details
ITR filing 2025: The NDA government 3.0 introduced a major income tax relief for the salaried class in the Union Budget 2025. Union Minister for Finance and Corporate Affairs Nirmala Sitharaman announced that individuals will not have to pay any income tax on total earnings up to Rs 12 lakh. This translates to an average monthly … Read more
ITR filing 2025: Taxpayers can file updated returns for FY22, FY23 before March 31
ITR filing: Taxpayers have until March 31 to update their income tax returns for the last two financial years, allowing them to correct any mistakes or omissions. This opportunity, introduced by the Finance Ministry in the Finance Act 2022, is available to those who wish to rectify their returns within two years from the end of … Read more
ITR filing 2025: Form 16, Form 24Q formats tweaked, CBDT issues circular on salary, surcharge updates
ITR filing 2025: The Central Board of Direct Taxes (CBDT) has released a recent circular outlining the updated guidelines for tax deductions from salary as per section 192 of the Income Tax Act, 1961. The circular also incorporated the modifications introduced in the Finance Acts of 2024 and 2023. The CBDT circular, dated February 20, … Read more
ITR 2024-25: Are the latest Budget 2025 tax slabs applicable for tax filing in AY 2025-06? Details here
Income tax returns: In the Budget 2025, middle-class taxpayers have received some relief. Under the new tax regime announced by Finance Minister Nirmala Sitharaman, individuals earning up to Rs 12 lakh annually will no longer be required to pay any income tax. The exemption limit has been raised, and tax slabs have been adjusted to provide … Read more
How to switch to the Old Tax Regime if your company opted for the New Tax Regime; check details
Old Tax Regime vs New Ta Regime: Taxpayers often find themselves in a quandary when it comes to selecting the most suitable income tax regime. The Income Tax Department allows individuals to choose their preferred income tax regime for a particular financial year, with the frequency of switches permitted based on one’s profession or specific criteria … Read more