tax regime

How to file the ITR-2 form for FY 23-24; a step by step guide

June 20, 2024 1:12 pm

ITR-2 caters to a broader range of taxpayers than the simpler ITR-1 (Sahaj) form. It's the go-to option for individuals and Hindu Undivided Families (HUFs) whose income profile exceeds what ITR-1 can handle.

Deadline to file Income Tax Return for FY 23-24 nears: Here's a step by step guide

July 30, 2024 10:29 pm

The final date for filing ITR (Income Tax Return) for the FY 2023-24 is Wednesday, July 31, 2024.

Himanshu writes: Budget 2023-24 ignores rural distress, tries to fix demand problem with supply interventions

February 07, 2023 9:45 am

Government's infrastructure push is unlikely to work unless it is accompanied by the private sector increasing its investment. The track record in this regard has not been very good

Not IT Dept’s job to persuade someone to save money... younger lot far more informed: CBDT chairman

February 06, 2023 6:18 am

Nitin Gupta, Chairman, Central Board of Direct Taxes tells Sukalp Sharma and Sandeep Singh that the changes in the new tax regime have made it “tempting” and “competitive” against the compliance burden-heavy old tax system.

1 crore tax filers in Rs 5-7 lakh slab to benefit from new I-T plan

February 03, 2023 4:31 am

The government estimates that the number of income tax return filers in the Rs 5-7 lakh income bracket is around one crore.

Nudge towards an exemption-free tax regime, breaks for the super-rich too

February 02, 2023 9:54 am

“Each salaried person with an income of 15.5 lakh or more will thus stand to benefit by Rs 52,500,” Union Finance Minister Nirmala Sitharaman said while announcing the change in the new tax regime.

Nirmala Sitharaman's balancing act in Union Budget 2023: Won't tax, will spend

February 02, 2023 10:11 am

Tax will kick in only when income above Rs 7 lakh a yr; capex surge in pre-poll year

Budget's good economics: No shadow of 2024, light of fiscal prudence — capex surge, tax savings for young and those retiring

February 02, 2023 8:14 am

Nudge to new tax regime by lowering surcharge on above Rs 5-crore a year super-rich

Sitharaman defends new tax mechanism: ‘Gains from old regime’s simplicity remain’

January 06, 2023 11:36 pm

Sitharaman, while speaking at the book’s launch, said the old income tax regime is not at all simple as it is “full of exemptions”.

AAP backs trade body’s demand for alternative tax regime to ‘weed out LBT from state’

February 06, 2014 2:57 pm