AY 2024 25

Income tax slab rates for FY 2024-25 (AY 2025-26)

Current Income tax slabs: Here are the income tax slabs for current financial year 2024-25 (assessment year 2025-26). An individual has to choose between new and old tax regime to calculate their income tax liability, subject to certain conditions. An individual must choose the tax regime which lowers their income tax outgo.

ITR filing deadlines for different categories of taxpayers for FY2023-24 (AY 2024-25)

It is crucial to file your income tax return (ITR) on time. The taxpayer's income type will determine the ITR filing deadline. The deadlines remain the same every year unless the government grants an extension. A significant penalty must be paid if the ITR filing deadline is missed. Here are the ITR filing deadlines that different categories of taxpayers should not miss for the financial year 2023-23 (AY 2024-25).

IPL 2024 KKR vs SRH Final: Captains Shreyas Iyer and Pat Cummins' beach visit goes viral

The Kolkata Knight Riders and SunRisers Hyderabad are set for an exciting final showdown at the M.A. Chidambaram Stadium. Captains Shreyas Iyer and Pat Cummins visited a beach in Chennai, sharing a fun moment with the IPL trophy, which was posted on Instagram. Fans reacted enthusiastically to the video, which has garnered over 1.2 million views. With Kolkata winning 18 out of 27 past matches against Hyderabad, the final promises to be a thrilling encounter.

Income tax return: Who is not eligible to file ITR-1 form in AY2024-25

This income tax return (ITR) can be filed by a Resident (other than Not Ordinarily Resident) Individual with total income from any of the following sources up to Rs 50 lakh. Sources Salary / Pension One House Property Other sources (Interest, Family Pension, Dividend etc.) Interest from Savings Accounts; Interest from Deposits (Bank /Post Office / Cooperative Society); Interest from Income Tax Refund; Interest received on Enhanced Compensation; Any other Interest Income

Income tax filing: 3 updated utilities available for filing this ITR form for AY 2024-25; find out which one works best for you

Income tax filing: Are you an individual or Hindu Unidivided Family who have income from business or profession and do not want to opt for presumptive taxation scheme? Then you may need to file ITR-3. To help you file ITR-3 easily, the income tax department has launched online, offline using Java and Excel based utilities. But which one is better?

ITR-1, ITR-2, ITR-4 forms for FY 2023-24 (AY 2024-25) available now on e-filing income tax portal

ITR filing forms for FY 2023-24 (AY 2024-25): As of April 1, 2024, the online ITR forms have been enabled on the e-filing website. This means that taxpayers who are eligible to file their tax returns using these forms can now proceed to file their ITR for the financial year 2023-2024.

March 31 is the last date to file ITR-U for AY 2021-22; If you miss, be ready to pay up to 200% of the income tax evaded

Income tax updated return: March 31, 2024 is the last date to file an updated income tax return (ITR-U) for AY 2021-22 (FY 2020-21). Do note that ITR-U may be used to fix errors like under-reporting or misreporting of income, or any other errors in the previously filed ITR. Once the deadline to file ITR-U is over and you are caught evading taxes penalty up to 200% of the tax evaded can be levied.

Offline ITR-1,4 forms: Income tax department releases JSON utilities for FY 2023-24 (AY 2024-25)

Offline ITR forms for AY 2024-25: The JSON utility ITR forms have been released by the income tax department. The offline forms are released for ITR-1 and ITR-4. The last date to file ITR for FY 2023-24 (AY 2024-25) is July 31, 2024. This deadline is applicable on taxpayers whose accounts are not required to be audited (usually those who file income tax return using ITR 1, 2 and 4).

MHT CET extends deadline for Maharashtra Common Entrance Test 2024 registration. Direct link here

The State Common Entrance Test Cell, Maharashtra, has extended the registration period for the Maharashtra Common Entrance Test (MHT CET) 2024 until March 8, 2024. The exam dates for Pharmacy are scheduled from April 16 to 23, and for engineering, they are set from April 25 to 30.

Free Aadhaar updation, tax saving, SBI special FDs, Paytm: 9 major money deadlines, changes in March 2024

These dates pertain to a few regulations that taxpayers and investors must follow in order to prevent any last-minute headaches or losses due to penalties or fines for missing the deadlines. The following are some of the important dates that fall in the month of March 2024.

CBDT announces new ITR forms for Assessment Year 2024-25

The Income Tax department has notified the Income-tax Return Forms (ITR Forms) 2, 3, and 5 for the Assessment Year (AY) 2024-25, effective from April 1, 2024. These forms are applicable for individuals and Hindu Undivided Families (HUFs) without income from business or profession, individuals and HUFs with income from business or profession, and partnership firms, respectively. The Central Board of Direct Taxes (CBDT) highlighted that changes have been incorporated to facilitate taxpayers and improve ease of filing.

Budget 2024 highlights: Key income tax, personal finance announcements

Interim Budget 2024 key highlights: Let us take a look at the most important income tax and personal finance-related announcements made in the interim Budget 2024.

Budget 2024: Rising aspirations of India's growing middle class awaits fiscal measures to redefine economic landscape

Budget 2024: The budget is expected to address the demographic reality of a growing middle class. As their numbers swell, there is anticipation that strategic measures will be introduced to bolster incomes and navigate the unique challenges faced by this dynamic segment of society.

Income tax slabs for FY 2023-24 (AY 2024-25)

Income tax calendar 2024: Important tax-related dates you need to know

With the start of the new year, it is important to remember important deadlines for the year. Knowing the last dates well ahead of time can help individuals to avoid penalties. Here is the income tax calendar for 2024 telling you all the important last dates between January and December 2024.

Missed ITR filing deadline of July 31 for FY 2022-23? Don’t forget to file belated ITR by Dec 31

If you have missed the income tax return (ITR) filing deadline of July 31, 2023, then you have time till December 31, 2023 to file a belated ITR. Also, if there is a mistake in the belated or original ITR, then also you can file revised ITR. The last date to file belated and/or revised ITR is December 31, 2023.

ITR-1,4 for income tax return filing FY2023-24 notified by CBDT; last date to file July 31, 2024

The Central Board of Direct Taxes (CBDT) has notified the income tax return forms for current financial year i.e. FY 2023-24 (AY 2024-25). The ITR forms have been issued more than three months before the current financial year ends. The last date to file ITR for FY 2023-24 is July 31, 2024.

New income tax slab rates for FY 2023-24 (AY 2024-25) in India - Budget 2023

Income tax slabs FY 2023-24: Here are the income tax slabs for the current FY 2023-24 under new and old tax regimes. Currently, there are two income tax regimes from which a salaried individual has to choose one every year. The old income tax regime continues with existing tax exemptions and deductions. The new income tax regime offers lower income tax rates with no option of availing certain tax exemptions and deductions.

Cost inflation index number for FY 2023-24 (AY 2024-25) used for LTCG calculation notified by CBDT

The income tax department has notified the cost inflation index (CII) number for the current FY. CII number is used to arrive at the inflation-adjusted price of an asset. The capital gains that are chargeable to income tax are lowered using the indexation benefit. From FY 2023-24, the indexation benefit has been removed from debt mutual funds.

Income tax slab and rates for FY 2023-24 (AY 2024-25)

Income tax slab: The Finance Minister made changes in the income tax slabs under the new tax regime. The changes announced in the income tax slabs under the new tax regime is applicable for incomes earned in current the FY 2023-24, starting from April 1, 2023. Know what are the new income tax slabs under the new tax regime from FY 2023-24 and how they are different from existing ones.

ITR: Missed deadline of December 31, 2022, to file these ITRs for FY 2021-22 (AY 2022-23)? Here’s what you can do

December 31, 2022 was the last date for filing certain income tax returns. These include - belated ITR and reivsed ITR. However, if you have missed this deadline, then you have an option to file updated income tax return or also known as ITR-U. Here's what you need to know about.

How to avoid TDS on dividends from equity shares, mutual funds for FY 2023-24 (AY 2024-25)

If the dividends from equity shares and mutual funds exceed threshold in a financial year, then TDS is applicable on them. However, it may happen that there is no taxable income or tax payable by an individual in a particular financial year. In such a case, how can an individual avoid TDS on dividend income.