How to calculate income tax above ₹12 lakh
Title: Income Tax Calculation Under New Tax Regime (FY 2025-26) – Updated Slabs & Examples Wondering how much tax you need to pay under the New Tax Regime for FY 2025-26? The latest Union Budget …
Income Tax Return
20 Tax Saving Tips, How to Save More on Taxes 2025
20 Tax Saving Tips on taxes in 2025 requires a mix of smart planning, using available deductions, and investing wisely. Here are key strategies to reduce your tax liability 1. Maximize Deductions and Exemptions ✅ …
How Digital India is Radically Transforming Tax Filing Processes 2025
Discover how Digital India is transforming tax filing with e-filing, faceless assessments, AI-driven compliance, and automated GST. Learn how technology simplifies tax processe for businesses and individuals.How Digital India is Radically Transforming Tax Filing Processes …
Problem-Solving Guide: Best Practices for Handling Tax Notices in India 2025
Tax notices from the Income Tax Department in India can be intimidating, but they are often issued for clarification, discrepancies, or routine checks. This guide outlines best practices for taxpayers to handle tax notices effectively, …
Direct Tax Vivad Se Vishwas Scheme, 2024: A Positive Step Towards Resolution with Potential Challenges
The Direct Tax Vivad Se Vishwas Scheme 2024 (DTVSV 2024) is an initiative by the Indian government to expedite the resolution of pending income tax disputes. Announced in the Union Budget 2024-25 by Finance Minister …
Top 10 Tax-Saving Tips for AY 2025-26
Here are the Top 10 Tax-Saving Tips for AY 2025-26, along with a comparison of tax liability under the Old Tax Regime (OTR) and the New Tax Regime (NTR) for three different salary scenarios: ₹8 …
Key Taxation Rules for Virtual Digital Assets 3
Taxation of virtual digital assets (VDAs) is a relatively new area, particularly given the global growth in popularity of cryptocurrencies, NFTs (non-fungible tokens), and other digital assets. In India, the taxation of VDAs is governed …
Essential Restrictions on Filing Updated Returns Under Section 139(8A)
“Learn about the restrictions on filing updated income tax returns under Section 139(8A) of the Income Tax Act. Discover when updated returns are disallowed, including scenarios involving refunds, ongoing assessments, or expired deadlines.” Restrictions on …
NEW INCOME TAX RULES 2025 ON THE CASH TRANSACTIONS
NEW INCOME TAX RULES 2025 ON THE CASH TRANSACTIONS aim to regulate financial transactions and ensure compliance with tax regulations. These rules include the Reporting Limit as per Income Tax Act, Cash Transaction Limit (Section …
AY 2025-26 Tax Rates and Slab Changed
DISCUSSION TOPICS AY 2025-26 Tax Rates and Slab Changed TAX REGIME FOR AY 2025-26 OLD TAX REGIME Slabs Individuals Age below 60 Years Resident Senior Citizens 60 but <80 Years Resident Senior Citizens >80 Years …
