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4.5 Crore Income Tax Returns Processed Out Of 6.2 Crore Filed For 2020-21

Income tax department on Wednesday said that more than 4.50 crore ITRs have been processed so far out of the total 6.26 crore ITRs filed for 2020-21 ....

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Income Tax Refunds Worth Rs 1.50 Lakh Crore Issued Till January 3, 2022

Income tax department has issued refunds worth more than Rs 1.50 lakh crore during the current financial year ....

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Explained: What happens if you fail to file ITR by December 31 due date

With the due date approaching, there has been a rush among the general category of taxpayers to file their ITR. But what if a taxpayer is unable to file ITR by the due date? ....

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Government Says More Than 2 Crore Income Tax Returns Filed, Portal "Stabilised"

Government has said that more than two crore income tax returns have been filed through e-filing portal and it has "substantially stabilised" ....

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Budget 2021: How Budget 2020 Changed Income Tax Slabs

Budget 2021: How Budget 2020 changed Income Tax slabs
A taxpayer earning Rs 15 lakh will save Rs 78,000 in tax under the new regime, FM said in Budget 2020 speech.
FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman, in Budget 2020, added three income tax slabs in the tax structure. In Budget 2020, FM Sitharaman tried to put more money in the hands of taxpayers by curtailing the incentives to save. A taxpayer earning Rs 15 lakh will save Rs 78,000 in tax under the new regime, FM said in Budget 2020 speech.
New income tax slabs and ratesNo change in tax exemption given to incomes up to Rs 5 lakh in interim. ....

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