How to Apply for a Minor PAN Card How to Apply for a Minor PAN Card A PAN (Permanent Account Number) card is one of the most essential documents for financial identification in India. How to Apply for a Minor PAN Card While it’s generally required for adults for tax purposes, banking transactions, and business … Read more
Why Are ITR Forms Yet Not Notified? Why Are ITR Forms Yet Not Notified? Will the Income Tax Dept Extend Deadline Beyond July 31? Why Are ITR Forms Yet Not Notified? As the financial year 2024–25 has ended, Indian taxpayers are preparing for their next major responsibility—filing Income Tax Returns (ITR) for the Assessment Year … Read more
Income Tax Filing Exemption Income Tax Filing Exemption As a new financial year begins, taxpayers across India are gearing up to file their Income Tax Returns (ITR). While most salaried employees, business owners, and professionals are preparing documents and calculating liabilities, it’s important to know that not everyone is required to file an ITR. The … Read more
New Tax Rule from April 22, 2025 New Tax Rule from April 22, 2025 From April 22, 2025, a new tax rule has come into effect that will impact individuals purchasing high-end items. The Income Tax Department has notified that a 1% Tax Collected at Source (TCS) will now be levied on the purchase of … Read more
HRA Exemption in New Tax Regime House Rent Allowance (HRA) is one of the most important salary components that allows salaried individuals to save income tax. HRA Exemption in New Tax Regime Employers provide HRA to help employees cover rental expenses, and the Income Tax Act offers partial exemption on this amount—only under the old … Read more
