Old Tax Regime vs New Tax Regime: Choosing between the old and new tax regimes has become one of the most important financial ...

Latest Income Tax Slabs FY 2024-25 For Old Regime: For individuals who are residents and below 60 years of age, the tax slabs highlighted in the image are applicable under the old income tax regime.

Reporting income/assets etc. in the ITR should be matched with Annual Information Statement (AIS). As through system checks ...

Individuals below the exemption threshold are generally not required to file returns unless they meet specific conditions ...

A Bengaluru-based business consultant received an Income Tax Department intimation despite correctly filing his ITR and legally switching from the new to the old tax regime. The case highlights how ...

ITR filing for AY 2026-27 has begun as the Income Tax Department activates ITR-1 and ITR-4 online filing and Excel utilities on the e-Filing portal. Check eligibility, documents required, due dates ...