ITR filing applicability If your income exceeds the basic exemption limit of Rs 2,50,000 then you must compulsorily file your IT return. Even if no TDS has been deducted on the income and you are benefitted by rebate provisions still ITR filing is compulsory. ITR form selection There are various ITR forms on the income
Are you ready to file your income tax return for the financial year 2022-23. The tax filing season has started. The income tax department has released the JSON schema of ITR-1 and ITR-4 for the financial year 2022-23. Benefits of early filing of income tax return..!! To whom ITR-1 is applicable ? For resident individuals
With the new financial year 2023-2024 on board, soon you will be required to make the tax declarations to the company OR if you are a non-salaried person then you need to plan your money with maximum tax saving investment options possible. In budget 2023, changes in the tax structure were announced. Some of you
Some of you might wonder, why I need to self calculate the tax payable amount when my company is already deducting TDS on salary income. Self Assessment tax is applicable when a person earns additional income other than salary and such income is not subject to TDS. While filing the income tax returns we are
OLD Tax Regime OR NEW Tax Regime. We have already entered in the new financial year i.e., 2023-24 and you may start getting emails from the Accounts Department of your office that you are required to submit your Tax declaration and opt for the particular Tax regime for the current year. As we know that
