May 8, 2025
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Tag: Section 80C deductions

ITR filing FY 2024-25: New ITR-1 form notified with major changes – here’s what taxpayers should know – Times of India

admin06 mins

ITR filing: For individuals and those not requiring account audits, the submission deadline remains July 31. New ITR forms for FY 2024-25: The Income Tax Department has issued a new ITR-1 and ITR-4 for tax filing purposes for the assessment year 2025-26, simplifying the process for individuals with long term capital gains up to Rs…

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Income Tax Return Filing: Which salaried employees need to submit investment proofs to cut tax outgo? – Times of India

admin07 mins

The Income Tax Act, 1961’s old tax regime provides various tax exemptions and deductions. (AI image) Income Tax Filing FY 2024-25: Employers are currently requesting salaried employees to provide documentation of tax-saving investments and expenses if they wish to reduce their tax liability. These documents are essential to prevent complete tax deduction at source (TDS)…

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