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Source: Live Mint Income tax return (ITR) filing season is back and the taxpayers have two more months to go for filing their tax returns before the July 31 deadline. As the new tax regime is the default regime now, taxpayers who want to file their return under the old tax regime – are meant…
Source: Live Mint I am a French citizen deputed to an Indian subsidiary for employment from the month of May 2025 for a period of 9 months. My employment continues with my employer in France and it continues to pay my salary including the social security contributions (pension, disability insurance, and health insurance). My HR…
Source: Live Mint The Income Tax Department (ITD) has notified the new tax forms for this fiscal year 2024-25 including ITR-1, ITR-2, ITR-3, ITR-4 and ITR-5. Within a few days, the excel utility will also be shared by the department. Thereafter, taxpayers can start filing their income tax returns with ease with preloaded functionalities on…
Source: Live Mint ITR Filing: Income Tax Department has now released forms 1 and 4 now for filing of tax return for FY 2024-25. The last date to file tax returns for individual taxpayers is July 31. There are two tax regimes under which the income tax return can be filed: old tax regime and…
Source: Live Mint There are numerous advantages to opt for the new tax regime over old tax regime. One of the key reasons is the tax rates, which are lower in comparison to the old tax regime. Highest tax rate under the new tax regime is 30 percent for those who earn above ₹15 lakh…
Source: Live Mint Income Tax: Among several benefits, one of the main advantages of choosing the old tax regime is that it enables you to claim exemption for house rent allowance (HRA). Under the old tax regime, HRA is exempted under section 10(13A) of Income Tax Act for salaried individuals, states information on the Income…
Source: Live Mint Income Tax: The financial year 2024–25 has come to an end and the tax filing season has kicked off. As the last date to file Income Tax Returns (ITR) is July 31, taxpayers now have nearly three months to file their returns. Meanwhile, taxpayers are required to choose between the two available…
Source: Live Mint The new financial year FY26 has kicked off, and taxpayers are meant to file their income tax returns under one of the two regimes. Mint deconstructs the key points to be considered before choosing the new or old income tax regimes. For the unversed, the new income tax regime offers concessional tax…
Source: Live Mint Old vs new tax regime: As the financial year has ended, taxpayers will now begin gathering their documents to file their income tax returns (ITR) before the deadline of July 31, 2025. Just like last year, one key question taxpayers must ask themselves is whether the new tax regime is the right…
Source: Live Mint As the new finance year (2025-26) has kicked off and majority of salaried individuals are likely to go with new tax regime. They tend to believe that they have a lower incentive of investing in tax-saving instruments such as Public Provident Fund (PPF). It is important to note that investment in PPF…
