Advance tax: March 15 is deadline of last instalment; what penalty will you pay if you miss it

Advance tax: March 15 is deadline of last instalment; what penalty will you pay if you miss it

The Income Tax Department has issued a reminder that the final installment of advance tax for the financial year 2024-25 must be settled by March 15, 2025. This means that only three days, including today, remain until the payment is completed. It is mandatory to settle all outstanding advance tax obligations by the specified date. … Read more

New Income Tax Bill 2025 to be tabled at 2 PM today: Key tax-related changes to expect

New Income Tax Bill 2025 to be tabled at 2 PM today: Key tax-related changes to expect

Union Finance Minister Nirmala Sitharaman will present the new Income Tax Bill 2025 in the Lok Sabha today. This bill, designed to make tax regulations more accessible to the general public, will replace the existing Income Tax Act of 1961. The bill will then be referred to the Parliamentary Standing Committee on Finance, which will … Read more