100 Days Of Modi 3.0: ITR Exemption Limit To Rs 7L, Hike In Standard Deduction And More –Check Big Govt Decisions | Personal Finance News

New Delhi: In the first 100 days of Prime Minister Narendra Modi’s new term, the government has given further relief to the middle class on the tax savings and pension fronts. The government has raised the income tax exemption limit to Rs 7 lakh. The standard deduction for salaried individuals has been increased to Rs […]

ABHISEK RAJPUT

September 16, 2024

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Advance Tax First Instalment Payment: Find Out Who Has To Pay, Consequences Of Missing Payment | Personal Finance News

New Delhi: Advance tax refers to paying your income tax in instalments throughout the years instead of a lump sum at the year’s end. It’s often referred to as “pay as you earn” tax because you pay taxes as you receive income. The tax laws outline specific deadlines for these instalment payments. When are the […]

ABHISEK RAJPUT

June 14, 2024

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Attention Salaried Taxpayers: Want To Save 100 Percent On Your Income Tax? Watch Tips Shared In Viral Video | Personal Finance News

New Delhi: A man from Karnataka went viral on social media for giving “financial advice” to salaried taxpayers on how to “save 100 percent income tax.” The video emerged a few days after Finance Minister Nirmala Sitharaman announced the Union Budget 2024, which quickly became the subject of many jokes and memes online. Content creator […]

ABHISEK RAJPUT

July 27, 2024

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Best Tax Saving Investments Before March 31 | The ET Money Show | ET Now

Best Tax Saving Investments Before March 31 | The ET Money Show | ET Now #tax #taxsaving #taxsavings Subscribe To ET Now For Latest Updates On Stocks, share market, business News, Trading, Crypto Updates | https://bit.ly/SubscribeToETNow To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ […]

bibhuti

March 28, 2023

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Budget 2024 For Common Man: From New Tax Rate Structure, Standard Deduction To NPS| 10 Points | Personal Finance News

New Delhi: In line with expectations, Finance Minister Nirmala Sitharaman offered a slew of measures and sops for the common people, who had pinned high hopes from the FM. Here are 10 Key Highlights of Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman in Lok Sabha on Tuesday. 1. Standard Deduction  Standard Deduction in […]

ABHISEK RAJPUT

July 23, 2024

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Budget 2024 Highlights On Income Tax: Revised Tax Slab In New Tax Regime | Personal Finance News

New Delhi: Bringing the much needed cheer to the salaried individuals, Finance Minister Nirmala Sitharaman on Tuesday announced revisions in the New Tax Regime. As per FM’s announcement, under new tax regime, tax rate structure will be revised as follows – No tax up to Rs 3 lakh  – 5% tax on income up to […]

ABHISEK RAJPUT

July 23, 2024

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Budget 2024: Will Middle Class Be Spared From 30% Tax Rate? Check What PHCCI Has Recommended To FM | Personal Finance News

New Delhi: PHD Chamber of Commerce and Industry (PHDCCI) has interacted Finance Minister Nirmala Sitharaman over the pre Budget suggestions 2024-25, during which the industry body has made strong points on the personal tax front for the common man. Will Middle Class Be Spared From 30% Tax Rate? Among several recommendations, the PHDCCI has urged […]

ABHISEK RAJPUT

June 21, 2024

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Going Abroad? Do You Need Income Tax clearance Certificate– Govt Clarifies | Personal Finance News

New Delhi: The government on Sunday responded to social media outrage over a Budget proposal requiring tax clearance certificates for travelling abroad. They clarified that this new rule is not for everyone and only those accused of financial irregularities or with substantial tax arrears will need to obtain such clearance. In the Finance Bill 2024, […]

ABHISEK RAJPUT

July 28, 2024

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Income Tax Clearance Certificate Mandatory For All Indians? CBDT Clarifies New Rule | Personal Finance News

The income tax return filing season has now entered the penalty phase where those who failed to file their returns by July 31 are now needed to pay fine to fill their returns. The Income Tax Department said earlier this month that timely compliance by taxpayers and tax professionals has led to a significant increase […]

ABHISEK RAJPUT

August 20, 2024

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Income Tax Refund Delay: How Long Will It Take to Get Your Refund And Will You Receive Interest? | Personal Finance News

Income Tax Refund Delay: Despite the multiple requests from tax professionals and individual taxpayers, the Income Tax Department did not extend the Income Tax Return (ITR) deadline for the Assessment Year 2024-25 beyond July 31. Many taxpayers haven’t received the tax refunds yet despite filing well in advance of the deadline.  However, the Income Tax […]

ABHISEK RAJPUT

August 12, 2024

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India’s Direct Tax Collection Grows 19.54% In FY 2024-25, Reaches Rs 5.74 Lakh Crore By July 11 | Economy News

New Delhi: The net direct tax collection of the government registered a significant growth of 19.54 per cent in the financial year 2024-25, amounting to Rs 5,74,357 crore by July 11, highlighted the data by the income tax department. Last year, the net direct tax collection was Rs 4,80,458 crore. This represents a notable growth […]

ABHISEK RAJPUT

July 13, 2024

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ITR Filing 2024: How To Check Tax Refund Status Online With PAN Card | Refund Timeline Explained | Personal Finance News

Income Tax Refund: In today’s digital age, checking your tax refund status has never been easier. With just your PAN card, you can quickly and efficiently track the status of your tax refund online from the comfort of your home or office. Meanwhile, the process of receiving a refund can often be confusing, especially when […]

ABHISEK RAJPUT

July 28, 2024

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