Advance Tax Payment Guide for FY 2024-25 Advance Tax Payment Guide for FY 2024-25 Advance tax is a crucial compliance requirement for taxpayers whose total tax liability exceeds ₹10,000 in a financial year. Timely payment is essential to avoid penalties and ensure smooth financial planning. This guide will help you understand the due dates, calculation … Read more
Income-tax Act 1961 Income-tax Act 1961 The Government of India has taken a significant step towards simplifying the Income-tax Act, 1961, with the introduction of the Income-tax Bill, 2025. This reform aims to make the tax framework clearer, more accessible, and user-friendly while ensuring continuity in tax policies. The Bill was tabled in Parliament on … Read more
List of Banks for Tax Payments on e-Pay Tax The Income Tax Department has introduced the e-Pay Tax service on the Income Tax e-Filing Portal, allowing taxpayers to pay their taxes online securely and conveniently. As part of this system, 30 banks have been integrated to facilitate seamless tax payments. This guide provides a detailed … Read more
New Tax Regime Fixed Deposits (FD) have always been a popular investment option among Indian taxpayers due to their assured returns and low risk. However, the taxation on FD interest income plays a crucial role in determining the final returns. With the Union Budget 2024 and Budget 2025 introducing several changes in the new tax … Read more
Income Tax Department Asking for Your Household Expenses The Income Tax Department has become more proactive in tracking taxpayers’ financial activities. One of the key areas of scrutiny is household expenses—if your reported income does not align with your lifestyle and spending patterns, you may receive a notice asking for an explanation. In this blog, … Read more
