If intimation is not made by the employee, it shall be presumed that the employee continues to be in the default new...
Individual taxpayers have the option to select whether they want to be in the old tax regime, which provides for exemptions and...
Direct taxation, as we know it today, has been there in India since ancient times. An income tax return is a form...
CBDT clarification on TDS deduction for salaried employees: If an employee doesn’t intimate his/her choice of tax regime then employer can deduct...
The provisions governing the Income-tax are covered in the Income-tax Act, 1961. In India, prize money and lottery winnings are subject to...
While being self-employed provides one the flexibility in working, the tax aspects become slightly complex when compared with a salaried taxpayer. Also...
If you are still confused about how to choose between the old and new tax regimes, then the Income Tax Department has...
The Finance Minister has provided some relief to individual taxpayers by introducing a standard deduction of ₹50,000 and a deduction of up...
Gains on the sale of shares, whether they result from shares listed in India or overseas, are taxed in both scenarios. However,...
Purpose of filing ITR is to calculate tax liability and to pay any additional tax that may be due, or to claim...