As the income tax return (ITR) deadline for FY 2024-25 (Assessment Year 2025-26) approaches, many taxpayers are asking whether ITR submission is necessary if their annual income is less than …
new tax regime
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Finance
Should I pay equity STCG tax if my income is below the exemption limit?
by AutoTrendlyby AutoTrendlyIn FY25, I have short-term capital gains (STCG) from equity of ₹30,000 and my salary is ₹2.58 lakh per annum. Do I need to pay STCG tax? If you’re earning …
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Finance
I asked ChatGPT “how to save income tax” for FY 2024–25 — I was shocked by the ₹45,000 I saved
by AutoTrendlyby AutoTrendlyEvery March, the same story repeats.I open YouTube and search:“How to save tax?” Soon, I’m watching five different videos giving five different strategies. One suggests ELSS, another pushes insurance, and …
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Finance
Income Tax: File your ITR and pay tax on e-pay portal via THESE 31 banks. A step-by-step guide
by AutoTrendlyby AutoTrendlyAs the last date to file income tax return (ITR) on Sept 15 looms closer, taxpayers can file their tax returns using ITR-1 or ITR-4. Notably, excel utilities of other …
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Finance
ITR 2025: These rules govern the switching of income tax regime from new to old
by AutoTrendlyby AutoTrendlySince the new tax regime is the default tax regime, filing income tax return (ITR) under the old regime would require you to switch from the new tax regime. However, …
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Finance
Income tax calculator: This is how you can use it to compute your tax liability
by AutoTrendlyby AutoTrendlyAs a taxpayer, it is recommended to use an income tax (I-T) calculator to ascertain your tax liability. However, before you use income tax calculator, these are the key steps …
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Finance
I-T department is cross-verifying claims in real time. You’ve been warned.
by AutoTrendlyby AutoTrendlyNEW DELHI : For a long time, people have been getting away with making inflated or false claims in their income tax returns (ITRs). Unless returns are picked up for …
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Finance
How you can save tax on buying a mobile phone, laptop or leasing a car
by AutoTrendlyby AutoTrendlyHowever, the new regime still allows employers to reimburse the cost of mobile phones, laptops, or car leases if they are used for official purposes. Some companies allow you to …
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Finance
Do foreign social security contributions qualify for tax relief?
by AutoTrendlyby AutoTrendlyI am a French citizen deputed to an Indian subsidiary for employment from the month of May 2025 for a period of 9 months. My employment continues with my employer …
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Finance
New Tax Regime: 7 key things every taxpayer should know while filing income tax return
by AutoTrendlyby AutoTrendlyITR Filing: Income Tax Department has now released forms 1 and 4 now for filing of tax return for FY 2024-25. The last date to file tax returns for individual …