OLD TAX REGIME CALCULATOR
Waiting for pending old ITR? You may soon get ITR refund or income tax demand notice as CBDT extends the deadline till 30 November 2025
The Income Tax Department will process pending ITRs for AY 2023-24 (FY 2022-23) by November 30, 2025, potentially leading to tax refunds, demand notices, or no change. This applies to ITRs filed by July 31, 2023, or belatedly by December 31, 2023, excluding those under scrutiny or delayed due to taxpayer issues.
Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus
Stock Reports Plus, powered by Refinitiv, undertakes detailed company analysis for 4,000+ listed stocks. In addition to detailed company analyses, the report also collates analysts’ forecasts and trend analysis for each component. An average score in Stock Reports Plus is calculated by undertaking quantitative analysis of five key investment tools – earnings, fundamentals, relative valuation, risk, and price momentum.
Zero marks for Modi’s 11 years, says Siddaramaiah
Chief Minister Siddaramaiah criticized Prime Minister Modi's 11-year tenure, citing failures like demonetization and unfulfilled promises of job creation and farmer welfare. He accused Modi of copying state welfare guarantees while denying Karnataka its fair share of resources. Siddaramaiah emphasized that widespread publicity has been fueling the NDA regime.
Rs 7.71 lakh savings on Rs 50 lakh home loan: Check how much you will save after RBI’s 50 bps repo rate cut
If you go for EMI reduction after interest rate reduction, it doesn't only lower your monthly outgo by reducing your EMI, it could also slash your total interest by several lakhs. However, your actual savings depend on whether you reduce your EMI or keep it constant and shorten the loan tenure.
How to save tax on your Bitcoin investments in India, legally!
Indian Bitcoin investors face a steep 30% tax and 1% TDS, hindering profitability. Bitcoin ETFs offer a tax-efficient alternative, taxed as long-term capital gains at 12.5% if held over 24 months, with no TDS. Unlike direct crypto investments, ETF losses can be offset, providing significant tax savings.
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How Indian export businesses are using AI to stay ahead on global tax rules
Indian organisations are increasingly adopting AI and ML for tax compliance, aligning with the Digital India initiative. This shift aims to streamline operations and navigate complex international trade regulations, including US sales tax and EU VAT.
Big savings for home loan borrowers as EMIs to fall significantly after RBI cuts repo rate by 50 bps
RBI repo rate cut: The Reserve Bank of India has cut the repo rate by 50 bps in today's monetary policy announcement. With the latest rate cut, home loan EMIs or tenure will decrease further. This will result in the big savings on the interest paid on home loan for borrowers.
Portugal considers sweetening incentives for Golden Visa program
Less than two months after Spain ended its golden visa, Portugal is considering enhancing its own program and associated tax benefits to attract foreign investment and global talent. Minister of the Presidency Antonio Leitao Amaro said the government aims to improve the visa and tax regimes to make Portugal a more appealing investment destination, while ensuring the system remains economically and socially fair.
ITR filing for AY 2025-26: 7 prominent changes in ITR excel utilities for FY 2024-25, which taxpayers including salaried should know
The income tax department has introduced enhanced validation rules in the ITR filing utility for FY 2024-25 (AY 2025-26), primarily affecting salaried individuals and those claiming deductions under the old tax regime. Taxpayers must now provide detailed information for HRA, Section 80C, 80D, 80E, 80EE/80EEA, 80EEB, and 80DDB claims, aiming to curb false claims and expedite ITR processing.
3.5% Excise Tax on transfers: What Trump’s bill means for global Indians, Poonam Mirchandani decodes
A new US bill introduces a 3.5% excise tax on overseas remittances from non-citizens, including NRIs and immigrants, effective January 2026. The bill also raises estate tax exemption to $15 million. Global Indians must now reassess cross-border financial planning amid changing compliance requirements.
Daily Tarot Predictions – 6/6 Portal Opens Pathways to Emotional Evolution.
Tarot Horoscope Today – 6th June 2025:June 6 is not just another day—it activates the 6/6 portal, a numerological and energetic gateway encouraging inner harmony, intuition, and soulful recalibration. This portal resonates deeply with themes of emotional responsibility, intuitive breakthroughs, and self-empowerment. Today’s tarot readings reflect energetic surges toward clarity, conscious choices, and the courage to evolve past outdated emotional patterns.
Form 16 changes: Higher standard deduction for these taxpayers, and other changes in Form 16 for FY 2024-25 (AY 2025-26)
Form 16 TDS Certificates ITR filing: Due to the income tax changes made in the FY 2024-25 (AY 2025-26), Form 16 will show certain changes this year. It will primarily show the following three changes for certain taxpayers. Read on to know more about the changes and how they will impact ITR filing for salaried employees.
Why did Trump exclude terror-hub Pakistan from travel ban: Brahma Chellaney hints at US' Deep State's anti-India stance
Geostrategist Brahma Chellaney has criticised Donald Trump’s latest travel ban for excluding Pakistan, a known terror hub, while targeting countries like Myanmar where the US reportedly supports rebels. Chellaney argues the decision reflects a US “Deep State” bias that protects strategic partners while punishing others.
OECD pegs FY26 India growth at 6.3%
The OECD projects India's economic growth to remain strong and stable, forecasting a GDP growth of 6.3% in FY26 and 6.4% in FY27, driven by private consumption and lower income taxes. While global economic growth slows due to tariff wars, India's growth is expected to be largely unaffected.
Stabbed 40 times with screwdriver: UP teen killed by 'boyfriend' after she 'spoke to another man'; family says he would harass her
In a Moradabad cornfield, a 19-year-old woman was brutally murdered, discovered a day after her disappearance. The autopsy revealed over 40 stab wounds, including to her private parts, leading to fatal blood loss. Mohd Rafi, claiming to be her boyfriend, confessed, citing rage over her communication with another man.
Which ITR form you should use to file your income tax return depends on your income sources and taxpayer category: Here’s how to pick right
The Income Tax Department has notified the updated forms for Assessment Year 2025-26. Here’s a quick guide to help you identify the correct form based on your income type and tax situation.
Got an income tax notice? Here are common types of tax notices and what to do to avoid penalties
Income tax notices can be daunting, but understanding them is crucial. The Income Tax Department issues various notices for reasons like mismatches, pending dues, or inquiries. Prompt action, accurate information, and expert help when needed are essential to avoid penalties and ensure compliance. Addressing these notices can effectively safeguard you against further complications with the Income tax department
Filing ITR for FY2024-25? Mistakes in HRA claims, capital gains tax calculation are among 7 errors to avoid
Taxpayers stand to benefit from a 45-day extension for filing returns due to significant ITR form changes in Budget 2024. However, errors can crop up despite online filing improvements, ranging from incorrect forms to misreporting income. Avoiding these mistakes, like neglecting AIS/Form 26AS reconciliation or HRA claim errors, is crucial to prevent penalties and ensure accurate tax computation.
Every text watched, every word changed: Inside Kim Jong Un’s phone surveillance network
A smuggled North Korean smartphone has exposed how tightly the regime monitors and censors its citizens. According to a BBC report, the device blocks South Korean language, autocorrects phrases like “Oppa” to “Comrade,” and secretly takes screenshots every five minutes. These images are stored in hidden folders only accessible to state authorities. Radios and phones are sealed against modification, with any exposure to foreign culture seen as a crime. Testimonies from defectors show increasing repression under Kim Jong Un's leadership.
NRIs to pay lower LTCG tax on these equity shares due to proposed forex fluctuation benefit in New Income Tax Bill 2025
The New Income Tax Bill, 2025 introduces a 'forex fluctuation benefit' that allows NRIs (excluding FIIs) to potentially pay lower long-term capital gains tax on unlisted equity shares. This provision addresses the issue of NRIs being taxed on artificially inflated income due to rupee depreciation. Read more to know how this helps.
When will salaried employees get Form 16 to file income tax return for FY 2024-25 (AY 2025-26)?
Last date to get Form 16: Form 16 is a TDS Certificate, which is received by the employee from the employer. This TDS certificate makes the process of ITR filing easier for the salaried taxpayers. The deadline to file income tax return for the FY 2024-25 has been extended by the Income Tax Department to September 15, 2025. When will a salaried employee receive their Form 16 from the employer?
Provident Fund, gratuity, leave encashment, pension commutation and all income tax benefits for retired employees released in a brochure by income tax dept
The Income Tax Department has come out with a brochure outlining tax benefits for retired employees in both the public and private sectors, covering gratuity, pension, and leave encashment. It details exemption limits, standard deductions, and advance tax rules under both old and new tax regimes for retired employees. Read below to know the details.
LTA exemption in new tax regime: Can you claim leave travel allowance exemption in new tax regime or is it taxable?
LTA exemption in new tax regime: Many salaried employees have a leave travel allowance as part of their CTC. However, due to tax regimes (old and new), many are not aware of whether they can avail themselves of the LTA exemption in the new tax regime. Read on to know if the LTA exemption is available in the new tax regime, or is it taxable?
Make the best of income tax gains: Revise your salary structure for better tax saving and simpler tax filing
This can be done by eliminating the deductible allowances, such as House Rent Allowance (HRA), Leave Travel Allowance (LTA) under the old regime, and adding reimbursement components to reduce the documentation requirements for both the employer and employee.
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