An individual tax return is a government form that reports all income for the previous year and any taxes due on it.

Taxpayers must act now. Make tax-saving investments under Section 80C. Submit investment proofs to employers. Pay advance tax by March 15, 2026. Claim health insurance deductions under Section 80D.

As the financial year ends on March 31, 2026, taxpayers under the old regime must urgently complete investments in instruments like PPF, ELSS, and NPS to claim deductions up to Rs 2 lakh.

PHOENIX — State legislators took the first steps Thursday toward wiping out income taxes by 2026. A measure approved by the Senate Finance Committee would cut tax rates by 5 percent a year from ...