Income-tax News
Over 4.68 lakh taxpayers filed ITR for income over ₹1 crore till Feb 28, shows latest data
Over 43,000 taxpayers filed tax return for more than ₹10 crore for financial year 2024-25 till February 28
1 min read17 Mar 2025Deadline Alert! Last two weeks left to invest in tax-saving instruments. 5 key points to know
To be able to claim income tax deduction for FY 2024-25, taxpayers must invest in a tax saving scheme given in the relevant sections of Income Tax Act prior to March 31
1 min read16 Mar 2025These 6 post office savings schemes offer income tax deductions under section 80C
Income Tax: Investors are entitled to claim tax deduction under section 80C by investing in one or more of these small savings schemes such as PPF, NSC, KVP, SSY, SCSS
2 min read15 Mar 2025Income Tax: These important deadlines expire before March 31. Check list here
Income Tax: Investors must invest before March 31 to be able to claim tax deduction for the financial year 2024-25.
1 min read16 Mar 2025What is tax loss harvesting? How does it work? All your queries answered
Income Tax: When capital gains earned on the sale of securities are reinvested to buy new shares, the investor is believed to have carried out tax harvesting.
2 min read13 Mar 2025Income Tax Deadline: Last four days left for last instalment of advance tax
Advance tax for FY 2024-25 must be paid by March 15, 2025. The department emphasises that timely payment ensures compliance and contributes to the Viksit Bharat Movement, aiding India’s vision for self-reliance.
1 min read12 Mar 2025Advance tax: Here’s how to calculate and pay your final instalment for the fiscal year
Except for some senior citizens, advance tax must be paid by all assessees, including NRIs, if the tax payable is ₹10,000 or more. Read on to avoid paying fines in the form of interest.
5 min read11 Mar 2025Deadline Alert! Last 3 weeks to invest in tax saving instruments to claim deduction, check details here
Income Tax Deadline: Last three weeks are remaining before the taxpayers can invest to claim income tax deduction such as PPF, SSY, SCSS, NSC, KVP
1 min read9 Mar 2025Income Tax department releases latest list of 30 banks for e-pay tax service. Check list here
The two banks which were recently added to the list are Tamilnad Mercantile Bank (included on March 5, 2025) and IDFC First Bank which was added on Nov 27, 2024. Another bank which added to the list is Dhanlaxmi Bank on June 26, 2024.
1 min read8 Mar 2025Income Tax Deadline! Last 25 days to invest in tax saving instruments – PPF, NPS, NSC, KVP, SCSS & others
To claim income tax deduction, taxpayers are meant to invest within the same financial year. This means if you want to claim tax benefits for FY 2024-25, you must invest before March 31
1 min read6 Mar 2025Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared