The AO initially passed an assessment order, making additions related to transfer pricing adjustments and disallowance under Section 14A. Subsequently, the assessment was reopened under Section 147 ...

These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...

The government introduced a new tax regime of lower tax rates in Budget 2020, which continues in FY 2025-26. In Budget 2025, the government pushed for the adoption of the new tax regime of lower tax ...

This repository serves as an archive containing historical SBI TT rates since 02 July 2020. These rates serve as the reference rates for foreign exchange required for ITR (Income Tax Return) purposes ...

2025 calculation sheets (applied for on the 2024 income tax and benefit return) 2024 calculation sheets (applied for on the 2023 income tax and benefit return) 2023 calculation sheets (applied for on ...

Budget 2025: Experts demand 87A tax rebate increase, accessible home loans, income tax slabs linked with inflation and others from the FM. A strong case for linking income tax slabs with inflation ...

total annual income and total deductions. The tax calculation according to the details entered by you will appear in the Tax Summary section. Step 5: In the Advanced Calculator tab, you need to ...

Image Source : PTI/FILE PHOTO Union Minister for Finance and Corporate Affairs Nirmala Sitharaman chairs the eighth pre-Budget consultation with the stakeholders and representatives from the trade ...

With two systems in place, around 6.5 crore income tax filers out of the total of around 9 crore have switched to the new tax regime, and about 2.5 crore individuals are still under the old tax ...

Advance tax is a mechanism that allows taxpayers to pay their income tax liabilities in instalments throughout the year instead of as a lump sum at the end of the financial year. This system ensures a ...

Income Tax in India for Each Slab: An income tax calculator is a simple tool that helps you figure out how much tax you need to pay based on your income details. It also allows you to compare the tax ...