Today is the last date of filing your ITR for AY24-25. Failure or a delay could attract a penalty. Taxpayers can avoid this by timely filing their returns today after matching the details with the information available on the AIS

According to income tax rules, Form 10-IEA can only be filled twice in a lifetime: once to opt out and once to opt in.

Section 80TTB was introduced in the Income Tax Act to provide tax relief to senior citizens.

Taxpayers will need to submit a condonation request to the income tax department for pardon if they delay e-verifying their income tax return (ITR). Here’s how to submit a condonation request.

The deadline to file an income tax return (ITR) is July 31; file your ITR returns on time to avoid last-minute technical glitches on the e-portal site.

Pension is considered as an income and is taxed the same way as salary. The filing of ITR for pension is also similar to that of salary income

Non-government employees will have to pay tax on 50 per cent of the lump sum amount drawn at retirement minus the gratuity; the remaining portion is tax-free.

Equity investment is one of the most tax-efficient instruments, but they are also liable for taxes depending on factors such as the type and the size of capital gain. A few hacks can help you save taxes.

Senior citizens aged above 60 and below 80 can avail of the benefits up to a certain limit under Section 87(A) of the Income Tax Act in the old and new tax regimes.

One has to file an income tax return in case of a tax liability, but in some cases, it is mandatory to file one even when the income is below the basic exemptions limit