ITR Advance Tax: The deadline for the third instalment of advance tax is December 15, 2024. However, senior citizens, i.e., taxpayers above the age of 60 years during the current financial year, who do not have any income from a job or a business, are not required to pay advance tax. Instalment dates for advance tax First instalment: Advance tax …
Advance Income Tax: Annual income and annual tax liability result in the decision on whether you need to pay advance tax or not. In case a taxpayer's annual tax liability for the financial year after subtracting tax deducted at source is more than ₹10,000, they need to pay advance tax so that they can avoid penal interest. Advance Income Tax: …
Old Pension Scheme: NITI Aayog Vice Chairman Suman Bery on Sunday expressed concern over the revival of Old Pension Scheme by some states, saying it would burden future taxpayers at a time when India needs to focus on fiscal prudence and promoting sustained growth. "Within this debt limit, duly elected state governments are free to make their own choices on …
The last date for Aadhaar-PAN linking is here and you need to complete the procedure on Thursday in order to avoid a penalty. The Income Tax Department has said non-linking of Aadhaar with PAN by March 31, 2022 would attract a penalty of up to Rs 1,000. However, the apex decision making body on direct taxes, Central Board of Direct …
The income tax department has informed taxpayers to re-register their digital signature certificate once again on the newly launched I-T website. On Monday, the income tax department launched a new portal e-filing 2.0, which will make the online filing of returns and tax payment easier. The income tax department also asked taxpayers to re-register their DSC, update personal mobile number …
