For individual taxpayers filing ITR-1 and ITR-2, the original due date will remain 31 July, ensuring that salaried ...

From April 1, 2025, taxpayers earning up to ₹12 lakh can enjoy zero income tax under the new tax regime, following a higher ...

Union Budget 2026 delivers major middle-class relief by extending ITR filing deadlines to March 31, cutting overseas ...

Income Tax Return: Under the new tax regime, the effective threshold may start from Rs 3 lakh for some, but mandatory filing applies if income crosses the exemption.

In a major relief for taxpayers, Finance Minister Nirmala Sitharaman on Saturday announced a three-month extension for filing ...

After Budget 2026, correcting past income tax mistakes has become significantly more expensive. Under the updated return (ITR ...

The amount of the income tax refund is equal to the excess tax paid, which is not taxable and cannot be considered income.

In her Budget speech, Finance Minister Nirmala Sitharaman announced two major compliance-friendly measures which are ...

With the December 31 deadline for filing revised income tax returns now over, many taxpayers who later spot missed income or ...

Taxpayers also get more flexibility to correct mistakes: the time limit to file a revised return has been increased from 9 ...

India's income tax system is about to enter a new era. The government is preparing to implement the Income Tax Act, 2025, ...