Advance tax means paying your income tax in instalments during the financial year, instead of paying the entire amount while ...

Many types of income in India are completely exempt from tax under the Income-tax Act, provided certain conditions are met.

The new legislation reorganizes provisions related to return processing, scrutiny assessments, and reassessment of escaped income. It simplifies drafting while largely retaining the existing ...

Residential status under Section 6 determines whether a taxpayer is liable for global income or only Indian-source income. The rules classify taxpayers as Resident, RNOR, or ...

According to CA Dr Suresh Surana, the Income-tax Act, 2025 (ITA 2025) aims to simplify compliance, rationalise procedures and align the tax framework with current economic realities. Several key ...

The final advance tax payment for FY 2025–26 is due on 15 March. Taxpayers must estimate their income and pay in four instalments to avoid interest charges. Here’s your complete guide to clearing dues ...

The department acknowledged the issue and apologised for the inconvenience caused to taxpayers. "The Department thanks ...

Income tax on pension is added to total income and taxed under slab rates. Payout structure, annuity income, and retirement planning affect post-retirement cash flow.

Returning NRIs must understand RNOR to ROR tax transition, Schedule FA disclosure, foreign income reporting, and FEMA rules to avoid costly mistakes in first Indian tax return.

The department said that the emails were meant only as facilitative reminders to help taxpayers review financial information.

Jaipur: Disabled war veterans across India have condemned a Budget decision to impose income tax on War Disability Pension ...