Explains why Form 16 may not reflect final tax liability, covering advance tax, Sections 234A, 234B, 234C, Section 87A rebate ...

Section 80CCD(2) provides a tax deduction for employer contributions to NPS. This benefit remains available under the new tax ...

Supreme Court held that salary paid to non-resident employees for field breaks outside India was not taxable under Section 9(1)(ii) for pre-2000 assessment years, as the 1999 amendment applied ...

AI skills are becoming a bigger driver of salaries than years of experience in India's technology sector, according to a new 1 Finance Research report. The study found AI professionals earn up to 38% ...

There are very few exemptions and deductions under the new tax regime, while the old tax regime allows several deductions like up to Rs 1.5 lakh under Section 80C, health insurance premium under ...

ITR-1 is meant for resident individuals with a total income of up to Rs 50 lakh from salary, one house property and other ...

Get latest Mumbai news headlines, local news headlines for today, Top Bollywood stories, Entertainment news, Mumbai city ...

The automated tracking systems flagged this as a critical cross-border omission under the Black Money Act, which mandates ...

Students, salaried individuals, and pensioners can file ITR-1 for AY 2026-2027. The deadline for filing this income tax ...

Businesses and tax deductors must file Q1 TDS and TCS returns by July 31, 2026 using the new return forms and revised section ...

Taxpayers must file accurate income tax returns using the correct ITR form to avoid being flagged for defects. The e-filing ...