Income Tax

Here are the key income tax highlights from Budget 2024, including revised tax slabs, increased standard deductions, changes to long-term capital gains tax, and more.

What does it take to be a tax official in India? IRS officer Rohini Divakar shares the inside details.

The 47-year-old Additional Commissioner of Income Tax of Mumbai is a Shaurya Chakra awardee, for his bravery in an encounter with terrorists along the LoC in 2017.

Join hands with IRS officers and help feed the migrant labourers across Bengaluru.

Speak to your financial advisor before you decide on which tax regime you wish to be a part of. Also, there is no clarity on whether this is a reversible decision – meaning whether you can get back to the old tax regime after you have opted for the new one.

From October 1, all Income Tax notices, letters or any official tax-related communication will carry a DIN. This computer-generated number will be verifiable on the e-filing portal of the income tax department.

Always read the fine print carefully before deciding to make an investment in any of these schemes.

In yet another attempt at promoting a cashless economy, there will now be a charge of two per cent tax if the aggregate cash withdrawal for one or more accounts amounts to more than 1 crore.

Before you proceed, please be aware that as of October 1, 2019, all IT notices will be issued through a centralised computer system.

His first attempt at the Civil Service Examination was a month after he graduated in 2017. While Akshat could not clear the attempt, he says it was a great learning experience for him.