Income Ta News
Capital gains on equities: Here's all you need to know when filing tax returns this year
There are several changes in the way capital gains from stocks and equity mutual funds in FY25 are to be reported. Mint's handy guide will help you sail through.
6 min read21 May 2025Income Tax: Choose for the new tax regime in THESE scenarios
The default regime may be the better choice for your if your annual salary is ₹12.75 lakh
1 min read21 May 2025Income Tax: After ITR-1 to ITR-7, CBDT notifies ITR-U. All you need to know about the latest changes
Income Tax: To encourage voluntary compliance, Government of India, in Finance Act 2025, extended the time limit to file the updated return from 24 months to 48 months from the end of the relevant assessment year.
2 min read21 May 2025Do foreign social security contributions qualify for tax relief?
Foreign social security contributions may not form part of taxable salary in India if certain legal conditions are met, including the absence of vested rights and mandatory contributions by law.
3 min read19 May 2025ITR Forms Sahaj and Sugam: All you need to know before you file your income tax return
ITR filing 2025: As tax filing season is here, here we give a lowdown on which income tax form applies to which taxpayers
2 min read16 May 2025ITR filing: Why you shouldn’t rush to file taxes as soon as the portal opens
Experts recommend that taxpayers should wait until 15 June. Here's why
4 min read16 May 2025Govt approves 187 startups for tax exemption under revamped Section 80-IAC framework
With these latest approvals, over 3,700 startups have now benefited from the scheme since its launch.
2 min read15 May 2025Got a higher salary this April? Here's how to calculate your government ‘bonus’
The monthly increase in take-home pay from the income tax cuts announced under the new regime in Budget 2025 is between ₹2,900 and ₹9,100 across various incomes.
3 min read9 May 2025Income tax filing 2025: THESE are the changes introduced in ITR forms this year. Check list here
While filing ITR-1 and ITR-4, taxpayers can now file returns even with long term capital gains under sections 112A (up to ₹1.25 lakh with no brought forward/ carry forward loss).
2 min read8 May 2025Filing ITR: 6 things to know before you choose one tax regime over other
When you file income tax regime, you should keep few things in mind such as the deductions you want to claim, exemption for HRA and tax slab rate
1 min read6 May 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