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income tax rate news

Union budget 2026: How income tax slabs changed over the years

During AY 2022-23, over 2.69 lakh entities, including individuals, companies, firms and trusts, have shown total income of above 1 crore.
Published on Jan 24, 2026 07:43 pm IST

ITR filing due date extended: What is the new deadline? Why was it pushed back?

Over 7.3 crore income tax returns were filed till Monday, September 15, surpassing last year’s 7.28 crore.
Updated on Sept 17, 2025 09:06 pm IST

ITR 2025 filing deadline tomorrow: What if you miss it?

ITR 2025: The due date was extended from July 31 after tax professionals flagged technical glitches.
Updated on Sept 14, 2025 04:09 pm IST

ITR filing deadline: Income Tax deadline to extend? IT department shares update

The deadline to file ITRs without any penalty is September 15.
Updated on Sept 14, 2025 01:02 pm IST

What is standard deduction in income tax and who is eligible?

Income Tax Budget 2025 Live: The budget speech will outline the government's fiscal policies, revenue and expenditure proposals, taxation reforms, and other significant announcements.
Published on Feb 01, 2025 08:25 am IST

Top 10 income tax changes from 2024 to look out for while filing ITR in 2025

The changes in the income tax structure can influence the deductions and exemptions taxpayers can claim when filing their income tax returns (ITR) in July 2025.
Updated on Jan 02, 2025 06:45 pm IST

Deadline for income tax audit report extended: What is the last date now?

Income tax audit last date: The CBDT extended the deadline due to challenges faced by taxpayers in electronically filing audit reports under the Income-tax Act, 1961.
Updated on Sept 30, 2024 10:45 am IST

ITR refund scam: Taxpayers warned by Income Tax department of this new scam

Income tax department advised taxpayers on social media to stay vigilant against deceptive calls and pop-up notifications claiming they are eligible for a tax refund.
Updated on Aug 16, 2024 03:29 pm IST

How to check ITR refund status online using PAN number on e-filing portal

ITR refund: Tax refund usually takes four to five weeks to be deposited into your account.
Updated on Aug 07, 2024 01:41 pm IST

Did you miss ITR filing July 31 deadline? Penalties you need to pay now

ITR filing July 31 deadline: An income tax return (ITR) filed after the deadline of July 31 is called a belated return, as per section 139 (4) of the Income Tax Act.
Updated on Aug 02, 2024 11:09 am IST

Sikkim's unique tax exemption: Why residents don't have to pay Income Tax

Sikkim Tax Exemption Act: The exemption is codified in Section 10(26AAA) of the Income Tax Act.
Updated on Jul 31, 2024 03:31 pm IST

ITR filing deadline today. Extension to complete Income Tax Return possible?

ITR filing 2024: If you have already filed your income tax returns, you can check the refund status on the Income Tax Department's portal.
Updated on Jul 31, 2024 09:58 am IST

ITR filing 2024: How can you check income tax refund status online using PAN

ITR filing 2024: You can check the status of your income tax refund online using only your PAN card.
Updated on Jul 30, 2024 01:56 pm IST

How to switch to old tax regime from new tax regime for filing income tax

The current income tax rules does provide the freedom for taxpayers to choose between the new tax regime and the old tax regime based on whichever may be more advantageous to them. (HT PHOTO)
Published on Jul 29, 2024 06:44 pm IST

ITR filing deadline: What happens if you miss filing returns by July 31?

ITR filing deadline: If you fail to file your ITR by July 31, you have the option to submit a late return.
Updated on Jul 29, 2024 09:17 am IST

How to correct errors in income tax return using revised ITR, last date, rules

Many things can go wrong when filing taxes, like putting in the wrong bank account number, claiming an improper deduction, or wrongly declaring interest income. (HT PHOTO)
Published on Jul 27, 2024 08:03 pm IST

Union Budget 2024: 6 new changes to income tax that the new budget may bring

Union Finance Minister Nirmala Sitharaman at Parliament, during the ongoing Budget Session, in New Delhi. (PTI)
Published on Jul 22, 2024 11:48 am IST

Will Nirmala Sitharaman bring cheer to middle-class with income tax changes?

Budget 2024: Union finance minister Nirmala Sitharaman is seen.
Updated on Jul 18, 2024 03:42 pm IST

ITR E-filing portal glitches: Will deadline be extended beyond July 31?

Tax filers have been facing major glitches with the e-filing portal which prompted the Institute of Chartered Accountants of India (ICAI) to write to the Income Tax Department.
Updated on Jul 16, 2024 01:27 pm IST

Income tax return filing: 8 documents that you need to file ITR-2 form

Income Tax Returns: Some taxpayers need to use ITR-2 form which can be filed using the income tax department's Excel or Java programs or online through the e-filing portal.
Updated on Jul 12, 2024 01:57 pm IST

ITR filing: Authorised banks for tax payments available at e-Pay Tax service

ITR Filing: There are several modes for payment available for taxpayers. These are Net Banking, Debit card and Pay at Bank Counter.
Published on Jul 03, 2024 02:15 pm IST

Income tax refund: How to raise refund reissue request

Refund is credited to the taxpayer's account in four to five weeks. As per the post on X (formerly Twitter), “If your refund has failed for any reason, please submit “Refund Reissue Request” as applicable."
Updated on Jul 02, 2024 10:50 am IST

From income tax to credit cards, 6 major financial changes in July

The last date for filing your income-tax returns for assessment year 2024-25 is July 31. In order to ensure smooth IT return filing, it is advised to start the process ahead of the deadline.
Updated on Jul 01, 2024 09:34 am IST

Afraid of making mistakes while filing ITR? Top tips for error-free filing

ITR filing: Always re-check all the bank details that you enter in order to be eligible for any refunds that may be directed to your bank account.
Published on Jun 24, 2024 09:10 am IST

Income tax returns: False HRA while filing ITR could cost you this much

ITR filing: Here’s how to claim HRA correctly during tax filing in order to maximize your tax savings
Published on Jun 21, 2024 01:15 pm IST

ITR Return Filing: Should you file ITR if your income is less than 7 lakh?

Income Tax Return: Under the old tax regime, you can get a maximum tax rebate up to 12,500 and 25,000 under the new tax regime.
Updated on Jun 18, 2024 01:20 pm IST

Will there be income tax relief in Budget 2024? What CII says

Budget 2024: As per the old regime, income tax exemption limit is applicable on income up to 2.5 lakh for individuals while under the new regime, exemption limit is on income up to 3 lakh.
Updated on Jun 17, 2024 12:28 pm IST

ITR Filing: Income tax slab rates and deductions for old and new tax regimes

Representational
Published on Jun 16, 2024 03:17 pm IST

ITR e-filing: Which income tax return form is right for you?

Representational
Published on Jun 15, 2024 10:50 am IST

Has your income tax slab changed? Finance ministry's 6-point note

Presenting the interim budget on February 1, 2024, Union Finance minister Nirmala Sitharaman said that there would be no changes to taxation.
Updated on Apr 03, 2024 12:06 am IST