July 2024 steps will shape tax deductions and exemptions that can be claimed when filing an Income Tax Return (ITR) in July ...

If you are a salaried employee, you must inform your employer about the tax regime you want to opt for during the year. If ...

For those whose income falls within the tax-free limit, submitting this declaration incurs no tax liability ... tax-free ...

Taxpayers who file ITR after the deadline are fined Rs 5,000. For taxpayers with an income less than Rs 5 lakh, this penalty ...

File your income tax return by December 31 to avoid penalties, jail term, and higher TDS rates. Be compliant to avoid ...

A belated return refers to the income tax return that is filed after the deadline, that is July 31 of a given assessment year ...

The decision comes after the Bombay High Court directed the IT department to extend the due date for claiming the benefit.

updating income, and needing to make changes to tax liability. The IRS's Interactive Tax Assistant has a quiz that will help you determine whether you should file an amended return. But it's ...