In that case, it becomes imperative to file an ITR in order to reclaim any surplus TDS or other tax payments made throughout the financial year. Under the previous tax structure, the maximum tax ...

Form 16 is a crucial document for salaried employees in India, particularly as the income tax return (ITR) filing season for ...

6. ITR 6: This form is to be filed by every company irrespective of its structure registered under the Companies Act 2013 or the earlier Companies Act 1956. However, the companies whose source of ...

This means if you chose the new tax regime last year, you can switch to the old one this year. However, you must decide before the ITR filing deadline (July 31, 2025). According to the Income Tax ...

ITR Filing: The Government has been making several ... that the new tag regime is simpler and has lower rates. The new tax structure under the new tax regime announced in the Union Budget 2025-26 ...

For individuals below 60 years of age: The basic exemption limit is ₹2,50,000. For senior citizens (60 years or above but below 80 years): The exemption limit is ₹3,00,000. For super senior citizens ...