Corporate tax for most domestic companies remains at 22%. New manufacturing companies (registered after Oct 2019) can still enjoy a special 15% rate. GST return filing is stricter — make sure your ...

Under the new income tax regime, taxpayers can now avail of a standard deduction of up to Rs 75,000, which makes an annual ...

Summary: The Indian government has expanded the scope of Tax Collected at Source (TCS) under Section 206C(1F) of the ...

Salaried and self-employed individuals can use HRA exemption under Section 10 (13A) and Section 80GG, respectively. HRA helps ...

TDS, or Tax Deducted at Source, is a system designed to collect tax at the very point where income is generated.

The income tax department has issued two notifications specifying the list of luxury goods on which tax will be collected at ...

You can switch between the old and new tax regimes only if you file your ITR on or before the due date. If you miss the ...

The Income Tax Department has rolled ... digitising financial transactions, reflecting India's effort to modernise its tax administration system and align itself with international standards.

ITR Filing: To make payment of tax hassle-free, the Income Tax Department has introduced the ‘e-Pay Tax’ feature on its official online portal. According to the tax department, this will ...

The delay in notifying the ITR forms and releasing their utilities for AY 2025-26, despite no major structural amendments in ...