The deadline to file an Income Tax Return (ITR) for income earned in the fiscal year 2022-23 is July 31. Taxpayers, particularly traders and stock market participants, should calculate tax liabilities ...
New Income Tax Regime, Income Tax Calculator: The Income Tax department has released a "tax calculator" to assist taxpayers in calculating the tax and determine which tax regime they are comfortable ...
A salaried taxpayer purchased a 2 BHK flat in Delhi last year with the help of a home loan for which he is paying Rs 3.5 lakh as interest annually. While he is living in a rented house in Mumbai ...
If you own a property and earn rental income from it, it is essential to include that income and pay taxes on it when filing your Income Tax Return (ITR). Failure to do so can have consequences, ...
The aggregate tax liability stands at Rs 1,75,000. Additionally, a 4% cess is applicable on this amount, which equals Rs 7,000. Consequently, the total tax payable amounts to Rs 1,82,000.Also Read | ...
Income tax expense is a critical component of a company’s financial statements, reflecting the taxes a business owes based on its taxable income for a specific period. It represents the total amount ...
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Income tax calculator: Taxable income above Rs 12 lakh for FY 2025-26? How to calculate your income tax
From April 1, 2025, there is zero tax payable on the taxable income up to Rs 12 lakh. This will happen if an individual opts for the new tax regime for FY 2025-26. However, it may happen that your net ...
New year, new tax filing. Filing taxes may not be the easiest task, especially with its time-consuming forms and applications. Whether you file with help from a professional or on your own, ...
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