ITR FILING DUE DATE
ITR filing for FY2023-24: Latest full list of authorised banks for tax payments available at e-Pay Tax service Taxpayers are offered wide range of modes for payment, including Net Banking, Debit card, Pay at Bank Counter. List of banks for tax payments available at e-Pay Tax service, as per the Income Tax Department’s website:
02 Jul, 2024, 02.35 PM ISTHow to file ITR-1 with salary, income from house property and other sources for FY 2023-24 (AY 2024-25) File ITR-1 online: Here is a step by step guide on how salaried individuals can file their income tax return using ITR-1 form easily on the income tax department's e-filing website. ITR-1 form is also known as Sahaj. Individuals having income from s...
02 Jul, 2024, 01.24 PM ISTHow to claim income tax refund online when filing ITR for FY 2023-24 How to claim income tax refund online: You may be eligible for a tax refund if you have paid more taxes than you owe. You can claim the refund when filing your income tax return (ITR) by the deadline of July 31, 2024 for FY 2023-24 (AY 2024-25).
02 Jul, 2024, 01.18 PM IST- ADVERTISEMENT
ITR filing FY2023-24: Did you get your Form 16? How to download Form 1601 Jul, 2024, 06.06 PM IST Got Form 16 from your employer? Check these points before filing ITR Form 16 has all the essential information to file your income tax return easily. It's crucial to double-check that the information in Form 16 is accurate. The income tax department currently provides pre-filled ITR forms on its e-filing website. The...
01 Jul, 2024, 11.25 AM ISTPenalty for missing ITR filing last date: Who has to pay and who doesn't Penalty for late filing ITR: Under the Income-tax Act, 1961, a penalty or a late filing fee is levied when a taxpayer misses the last date to file income tax return. The late filing fee must be paid or else final submission of income tax return form...
29 Jun, 2024, 11.39 AM ISTNew tax regime to old tax regime: How to choose old income tax regime when filing ITR for FY2023-24 New tax regime to old tax regime: Starting from April 1, 2023, if a taxpayer has not opted for the old tax system, their employer will deduct tax from their salary according to the new tax system. This change is because the new tax system will be th...
28 Jun, 2024, 11.18 AM ISTWhat is AIS, how to download it and how it helps taxpayers in ITR filing? What is AIS, how to download AIS: Annual Information Statement (AIS) is a statement introduced by the income tax department in 2021. This statement is a comprehensive which help individuals and other taxpayers to get access of most of their financia...
26 Jun, 2024, 05.20 PM ISTError in AIS: How to correct errors in Annual Information Statement to file ITR ITR filing: The Annual Information Statement (AIS) is comprehensive view of information for a taxpayer displayed in Form 26AS. Taxpayers can provide feedback on information displayed in AIS.
21 Jun, 2024, 12.45 PM ISTWho needs to file income tax return (ITR) in India for FY 2023-24 Who is required to file ITR mandatorily: The Income-tax Act, 1961 defines the situations where income tax return filing is mandatory for individuals. Under the income tax laws, ITR filing is mandatory if total taxable income exceeds the basic exempt...
21 Jun, 2024, 11.20 AM ISTShould you file ITR if your income is less than Rs 7 lakh with nil income tax? Income tax return: Taxpayers have to file ITR if their income level exceeds the basic exemption limit or they have conducted certain specified transactions. Experts say that most taxpayers have a misunderstanding that if tax is not payable then fili...
18 Jun, 2024, 01.11 PM ISTDocuments required for ITR filing: 10 documents you need to file income tax return Documents required for ITR filing: An individual should collect all the required documents such as Form 16, bank account statements, capital gains statement, depending on the incomes they have to make the ITR filing process easier. Here is the list ...
15 Jun, 2024, 04.36 PM ISTWhat is Form 26AS? How to download Form 26AS to file Income Tax Return (ITR) ITR filing for FY2023-24: Form 26AS is an important document for filing your income tax return (ITR). It shows the dates and amounts of advance tax payments and consolidates all your financial transactions.
12 Jun, 2024, 05.19 PM ISTForm 16 due date: When will you get TDS certificate from your employer? Last date to get Form 16: Salaried individuals need Form 16 to make the ITR filing process easier for them. It is a TDS certificate showing all the taxes deducted during the financial year as well as total income paid by an employer during the finan...
12 Jun, 2024, 05.02 PM ISTLast date for filing income tax return (ITR) for FY 2023-24 (AY 2024-25) Due date of income tax return filing: Under the income tax laws, different taxpayers have different due date for filing ITR. It is important to file the tax return on or before the deadline to avoid certain penal consequences. This includes payment ...
12 Jun, 2024, 12.31 PM ISTITR filing forms for FY 2023-24 (AY 2024-25): Which income tax return form applies to you? ITR forms: The important part of ITR filing process is to identify the correct the income tax return form applicable to their incomes. Filing income tax return using wrong ITR form will make the filed ITR as defective ITR. Read on to know the correc...
10 Jun, 2024, 02.41 PM ISTMoonlighting and ITR filing: Why moonlighters should file income tax return, form to use, other details Moonlighting, driven by side hustles and remote work opportunities post Covid-19, requires moonlighters to carefully choose the right ITR form, consider the presumptive tax regime, and submit Form 10-IEA online for tax benefits under the old regime.
07 Jun, 2024, 10.40 AM ISTITR filing: This is essential to get income tax refund credited to your bank account Income tax refund: The income tax department will scrutinise your filed returns and handle the refund once received. Note that having a validated bank account is essential for receiving of refunds.
05 Jun, 2024, 12.14 PM ISTSalaried individual filing ITR? Advisable to wait till June 15 ITR filing for salaried individuals: The last date to file income tax returns for salaried and other taxpayers (whose accounts are not required to be audited) is July 31 every year. However, it is advisable for salaried individuals to start the proc...
01 Jun, 2024, 10.53 AM ISTMandatory scrutiny of ITR: Income tax dept reveals the criteria how the ITRs will be selected for the scrutiny Income tax return: The tax department has released a circular which outlines the criterias and procedure to be followed if a particular income tax return (ITR) is to be selected for scrutiny. These guidelines also includes the procedure and criteria...
23 May, 2024, 04.30 PM IST