Income above Rs 24 lakh will now attract a 30% tax rate as against Rs 15 lakh earlier; the basic exemption limit has been raised from Rs 3 lakh to Rs 4 lakh.


9 key income tax changes from April 1, 2025— New slabs, zero tax limits &, more

These changes will affect income, savings and tax calculation, therefore, it is very important to understand these changes and implement them correctly.

8 income tax rule changes to affect 2025 finances; Find out which one will benefit you?

The last date for filing an Income Tax Return (ITR) for the financial year 2023-24 was July 31, and for those who could not, the time was for filing a revised ITR with late fees was December 31, but now, the Central Board of Direct Taxes has extended this deadline to January 15.

CBDT extends deadline for revised ITR to January 15

Finance Minister Nirmala Sitharaman presented the last budget of the current Modi government on Thursday, February 1

Interim Budget 2024: No benefits for the common man as no change in income tax slabs announced

This is the last full-fledged budget presented by the BJP government before the 2024 General Elections.

Budget 2023 Key Takeaways: Income Tax rebate limit raised, smoking turns costly & many more

The exemption under the provisions included in IT Act is only applicable under the old tax slab

Methods to avail rebate on Tax: ITR deadline closing and more, all you need to know

As per the latest information by the IT department, taxpayers who have not e-verified for the 2019-20 fiscal can complete the verification process by February 28, 2022.

Income Tax Return: Major relief for Income taxpayers, IT-dept relaxes time till Feb 2022

Many people hesitate in filing income tax returns but it is rather a beneficial exercise, here's why

News