The standard deduction is a flat deduction allowed under Section 16 of the Income Tax Act, 1961. In India, the standard deduction...
As the new financial year 2023-24 begins, the income tax changes announced in the Budget 2023 by Finance Minister Nirmala Sitharaman have...
New income tax rule 2023: After ushering in new financial year from 1st April 2023, a good number of income tax rules are...
Pension received from the state or central government is fully taxable under “salary” in income tax returns. Income Tax Return: If you...
The income tax calculator is available on the tax department’s official website. Filing income tax can be a long and tiring process...
There are several changes to income tax rules that will come into effect in the next financial year, starting from April 1, 2023. From...
In the latest news, on 28 March 2023, the Central Board of Direct Taxes has extended the deadline for linking PAN and...
AIS for Taxpayers application also helps users to find out details like dividend income, income tax refunds, TDS (tax deducted at source),...
ITR filing: The taxability of gifts often leaves taxpayers confused since there are various provisions related to the taxability of gifts received by...
The declaration of tax deduction at source given by the employer on behalf of the employees is known as Form 16/ 16A....