Tag: income tax laws

The advance tax payment deadline for the fiscal year 2024–2025 is December 15, 2024. Businesses, independent contractors, and salaried employees must finish their job by this day in order to comply with income tax regulations.(Hindustan Times)
Posted in Business

Missed December 15 advance tax deadline? Here’s what will happen

Dec 15, 2024 03:04 PM IST Taxpayers must pay advance tax by December 15, 2024, but if it falls on a Sunday, they can pay…

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Can foreign tax credit claim be changed in revised ITR? Budget 2024 should clarify
Posted in Finance

Can foreign tax credit claim be changed in revised ITR? Budget 2024 should clarify

Tax liability in India is largely determined by the residential status of an individual and the place where the income is earned during the financial…

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Under the new tax regime, an individual with an annual income of up to <span class=
Posted in Business

Which income tax regime should salaried employees choose? Details here

With the onset of new financial year on April 1, several new income tax laws like the new tax regime being set as the default…

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