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TAXPAYERS

Budget 2024: Six Key Income Tax Benefits for Taxpayers to Watch Out For

18 Jul 2024

As Budget 2024 approaches, taxpayers can look forward to several potential changes that could ease their financial burden. Here are six key income tax benefits expected to be announced by Finance Minister Nirmala Sitharaman on July 23: Standard Deduction The standard deduction, which was first introduced at ₹40,000 in the...

Avoid Penalties: Income Tax Warning – Dec 31 Last Date for ITR!

29 Dec 2023

The Income Tax Department has issued a warning to taxpayers who missed the July 31 deadline to file their Income Tax Return (ITR) for the financial year 2022-23. Through a post on social media platform X, the department emphasized that these taxpayers must file the belated/revised ITR by December 31,...