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Income Tax Dept Releases ITR-1 & ITR-4 Forms for AY 2025–26 With Key Changes

The Income Tax Department has officially released the Income Tax Return (ITR) forms 1 and 4 for the assessment year 2025–26, enabling individual taxpayers, Hindu Undivided Families (HUFs), and firms (excluding LLPs) with total income up to ₹50 lakh to begin filing their income tax returns. This marks the beginning of the tax season for income earned during the financial year April 1, 2024, to March 31, 2025. Taxpayers must submit their returns by the due date of July 31, 2025, to avoid l

Business

01 May 2025 04:57 AM

Income Tax Dept Releases ITR-1 & ITR-4 Forms for AY 2025–26 With Key Changes

The Income Tax Department has officially released the Income Tax Return (ITR) forms 1 and 4 for the assessment year 2025–26, enabling individual taxpayers, Hindu Undivided Families (HUFs), and firms (excluding LLPs) with total income up to ₹50 lakh to begin filing their income tax returns. This marks the beginning of the tax season for income earned during the financial year April 1, 2024, to March 31, 2025. Taxpayers must submit their returns by the due date of July 31, 2025, to avoid l

Business

Income Tax Filing for AY 2025-26: Form 16, ITR Process, and What to Do if Form 16 is Delayed

Starting April 1, 2025, taxpayers can begin filing their Income Tax Returns (ITR) for the Assessment Year (AY) 2025-26. Employers will provide Form 16 to salaried employees, which plays a crucial role in filing ITR by summarizing salary details, Tax Deducted at Source (TDS), and other tax-related information for the Financial Year (FY) 2024-25. Understanding Form 16, its contents, and its significance can help taxpayers ensure a smooth and error-free filing process.

Business

13 Mar 2025 07:32 AM

Income Tax Filing for AY 2025-26: Form 16, ITR Process, and What to Do if Form 16 is Delayed

Starting April 1, 2025, taxpayers can begin filing their Income Tax Returns (ITR) for the Assessment Year (AY) 2025-26. Employers will provide Form 16 to salaried employees, which plays a crucial role in filing ITR by summarizing salary details, Tax Deducted at Source (TDS), and other tax-related information for the Financial Year (FY) 2024-25. Understanding Form 16, its contents, and its significance can help taxpayers ensure a smooth and error-free filing process.

Business

Old vs New Tax Regime: Key Differences for Salaried Employees and Business Professionals in India

Choosing the right tax regime is an important decision for taxpayers in India. The old and new tax regimes offer different benefits, and individuals must carefully analyze their financial situation before selecting the most suitable option. While salaried employees have the flexibility to switch every year, business professionals have a more restricted choice.The decision between the two regimes depends on factors such as tax-saving investments, exemptions, and deductions. Understanding these

Business

03 Mar 2025 05:31 AM

Old vs New Tax Regime: Key Differences for Salaried Employees and Business Professionals in India

Choosing the right tax regime is an important decision for taxpayers in India. The old and new tax regimes offer different benefits, and individuals must carefully analyze their financial situation before selecting the most suitable option. While salaried employees have the flexibility to switch every year, business professionals have a more restricted choice.The decision between the two regimes depends on factors such as tax-saving investments, exemptions, and deductions. Understanding these

Business

Income Tax Refunds & New Tax Bill 2025: IT Department Clarifies, Experts Raise Concerns

The Income Tax Bill 2025 has raised concerns among taxpayers regarding refund eligibility if an Income Tax Return (ITR) is not filed before the due date. While the Income Tax Department (ITD) has clarified that there is no change in refund provisions, tax experts have pointed out inconsistencies that may impact individual taxpayers. IT Department’s Clarification on Refunds

Business

18 Feb 2025 06:58 AM

Income Tax Refunds & New Tax Bill 2025: IT Department Clarifies, Experts Raise Concerns

The Income Tax Bill 2025 has raised concerns among taxpayers regarding refund eligibility if an Income Tax Return (ITR) is not filed before the due date. While the Income Tax Department (ITD) has clarified that there is no change in refund provisions, tax experts have pointed out inconsistencies that may impact individual taxpayers. IT Department’s Clarification on Refunds

Business

Rs 3.08 Lakh Crore Income Tax Refunds Disbursed in FY 2025, Up 46%

Between April and November 2024, the Indian government dispersed Rs 3.08 lakh crore in income tax refunds, reflecting a significant 46% increase compared to the same period last year. As of November 22, about 98.35% of Income Tax Returns (ITRs) filed have been e-verified, with a record-breaking 69.93 lakh ITRs submitted on a single day, July 31. The total number of ITRs filed by November 22 stands at 8.50 crore, a 7.32% increase from the previous year. The introduction of innovation

General

24 Dec 2024 11:06 AM

Rs 3.08 Lakh Crore Income Tax Refunds Disbursed in FY 2025, Up 46%

Between April and November 2024, the Indian government dispersed Rs 3.08 lakh crore in income tax refunds, reflecting a significant 46% increase compared to the same period last year. As of November 22, about 98.35% of Income Tax Returns (ITRs) filed have been e-verified, with a record-breaking 69.93 lakh ITRs submitted on a single day, July 31. The total number of ITRs filed by November 22 stands at 8.50 crore, a 7.32% increase from the previous year. The introduction of innovation

General

73% of NRIs from the USA, UK, Canada, and UAE Seek to File ITR in India, Survey Finds

Income Tax Return (ITR) filing is a critical component of financial compliance for individuals, especially for Non-Resident Indians (NRIs). This process involves reporting income, disclosing taxes paid, and claiming any potential refunds from the Indian tax department. For NRIs, understanding and complying with India's ITR filing requirements can be complex, given varied income sources and intricate tax laws. They often face the challenge of potential double taxation, necessitat

NRI News

10 Oct 2024 08:57 AM

73% of NRIs from the USA, UK, Canada, and UAE Seek to File ITR in India, Survey Finds

Income Tax Return (ITR) filing is a critical component of financial compliance for individuals, especially for Non-Resident Indians (NRIs). This process involves reporting income, disclosing taxes paid, and claiming any potential refunds from the Indian tax department. For NRIs, understanding and complying with India's ITR filing requirements can be complex, given varied income sources and intricate tax laws. They often face the challenge of potential double taxation, necessitat

NRI News

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#itr-3

Income Tax Dept Releases ITR-1 & ITR-4 Forms for AY 2025–26 With Key Changes

Income Tax Dept Releases ITR-1 & ITR-4 Forms for AY 2025–26 With Key Changes

Income Tax Filing for AY 2025-26: Form 16, ITR Process, and What to Do if Form 16 is Delayed

Income Tax Filing for AY 2025-26: Form 16, ITR Process, and What to Do if Form 16 is Delayed

Old vs New Tax Regime: Key Differences for Salaried Employees and Business Professionals in India

Old vs New Tax Regime: Key Differences for Salaried Employees and Business Professionals in India

Income Tax Refunds & New Tax Bill 2025: IT Department Clarifies, Experts Raise Concerns

Income Tax Refunds & New Tax Bill 2025: IT Department Clarifies, Experts Raise Concerns

Rs 3.08 Lakh Crore Income Tax Refunds Disbursed in FY 2025, Up 46%

Rs 3.08 Lakh Crore Income Tax Refunds Disbursed in FY 2025, Up 46%

73% of NRIs from the USA, UK, Canada, and UAE Seek to File ITR in India, Survey Finds

73% of NRIs from the USA, UK, Canada, and UAE Seek to File ITR in India, Survey Finds

Maruti Suzuki achieves highest-ever monthly sales on export and UV surge

Kirk Cousins signs with Raiders in major NFL move

India’s new baggage rules 2026: how much gold you can bring from Dubai duty-free

Kolkata airport mosque relocation debate gains momentum

How NRIs Can Capitalize on Emerging AI and Robotics Startups

Best Indian Grocery Stores Near Me in Dallas–Fort Worth

Clarence Thomas to speak at UT Austin for Declaration anniversary event

Ambati Rambabu's Comments on Pushpa 2

Gold Prices Surge – Wednesday, May 6, 2026

India Downs Pakistani Mirage Jet in Operation Sindoor

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Maruti Suzuki achieves highest-ever monthly sales on export and UV surge

Kirk Cousins signs with Raiders in major NFL move

India’s new baggage rules 2026: how much gold you can bring from Dubai duty-free

Kolkata airport mosque relocation debate gains momentum

How NRIs Can Capitalize on Emerging AI and Robotics Startups

Best Indian Grocery Stores Near Me in Dallas–Fort Worth

Clarence Thomas to speak at UT Austin for Declaration anniversary event

Ambati Rambabu's Comments on Pushpa 2

Gold Prices Surge – Wednesday, May 6, 2026

India Downs Pakistani Mirage Jet in Operation Sindoor

#itr-3

Income Tax Dept Releases ITR-1 & ITR-4 Forms for AY 2025–26 With Key Changes

Income Tax Dept Releases ITR-1 & ITR-4 Forms for AY 2025–26 With Key Changes

Income Tax Filing for AY 2025-26: Form 16, ITR Process, and What to Do if Form 16 is Delayed

Income Tax Filing for AY 2025-26: Form 16, ITR Process, and What to Do if Form 16 is Delayed

Old vs New Tax Regime: Key Differences for Salaried Employees and Business Professionals in India

Old vs New Tax Regime: Key Differences for Salaried Employees and Business Professionals in India

Income Tax Refunds & New Tax Bill 2025: IT Department Clarifies, Experts Raise Concerns

Income Tax Refunds & New Tax Bill 2025: IT Department Clarifies, Experts Raise Concerns

Rs 3.08 Lakh Crore Income Tax Refunds Disbursed in FY 2025, Up 46%

Rs 3.08 Lakh Crore Income Tax Refunds Disbursed in FY 2025, Up 46%

73% of NRIs from the USA, UK, Canada, and UAE Seek to File ITR in India, Survey Finds

73% of NRIs from the USA, UK, Canada, and UAE Seek to File ITR in India, Survey Finds

Maruti Suzuki achieves highest-ever monthly sales on export and UV surge

Kirk Cousins signs with Raiders in major NFL move

India’s new baggage rules 2026: how much gold you can bring from Dubai duty-free

Kolkata airport mosque relocation debate gains momentum

How NRIs Can Capitalize on Emerging AI and Robotics Startups

Best Indian Grocery Stores Near Me in Dallas–Fort Worth

Clarence Thomas to speak at UT Austin for Declaration anniversary event

Ambati Rambabu's Comments on Pushpa 2

Gold Prices Surge – Wednesday, May 6, 2026

India Downs Pakistani Mirage Jet in Operation Sindoor

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