A revised income tax return (ITR) is a document that is filed to correct errors or omissions in an original ITR. It can be filed by any taxpayer who has filed an ITR for a given assessment year and discovers that there is an error in the return. When Should You File a Revised ITR? There are a few reasons why you might need to file a revised ITR. These include: What … [Read more...] about What is revised ITR? When should you file one? What is the charge?
income tax calculation
When To Start With Income Tax Filing For The Current Financial Year?
Filing your income tax returns (IT) is a crucial financial responsibility that every taxpayer must undertake. The IT filing process involves submitting a statement of all your earnings and the taxes paid on them during a given financial year. This statement helps the government to determine the amount of tax that you owe or the refund that you may be entitled to. The IT … [Read more...] about When To Start With Income Tax Filing For The Current Financial Year?
Income Tax New Regime Rebate And Slabs Explained | Should You Choose The Old Or New Regime?
Since the proposal of the Union budget 2023-2024, many questions prevail in the minds of tax payers. Though the budget consists of various announcements, changes and things - the major focus is on income tax! Tax payers were eagerly waiting for a raise in rebate limit and also some concession in the income tax rates. Well Finance Minister, Smt. Nirmala Sitharaman has … [Read more...] about Income Tax New Regime Rebate And Slabs Explained | Should You Choose The Old Or New Regime?