At the time of filing of income tax return (ITR), it is important to choose the right tax regime. And the ‘right’ is the one which leads to lower tax …
new tax regime
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Experts attribute the cooling interest to the growing appeal of the new tax regime, which offers no benefits on NPS contributions, and to weak distributor incentives that have kept retirement …
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Finance
Income Tax: THESE deductions are allowed for taxpayers under old and new tax regimes
by AutoTrendlyby AutoTrendlyIncome Tax: The last date to file the income tax return (ITR) for FY 2024-25 will soon expire on September 15. If you have yet to file your income tax …
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Finance
Income Tax: Choosing old tax regime is beneficial only when amount of deductions crosses THIS threshold
by AutoTrendlyby AutoTrendlyIncome Tax: Those taxpayers who have already filed their income tax return (ITR) for FY 2024-25 could be waiting for the refund, whereas those who have yet to file their …
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Finance
Who should file ITR with income below ₹2.5 lakh under old and new tax regimes? Check the rules here
by AutoTrendlyby AutoTrendlyAs 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 …
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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 …