Income Tax Filing

New Tax Act 2025 kicks in, but ITR filing for 2026 to follow old rules: What taxpayers should know

A new financial year brings a new Income Tax Act, but does it change how you file your returns this year? In this video, Teena Jain Kaushal, Editor – Personal Finance (AG), interviews Sumit Singhania, Partner, Deloitte India, to break down what the new tax law actually changes, why ITR filing for FY26 will still follow the old rules, and what taxpayers should keep in mind. We also explain updates in ITR forms and the shift from assessment year to ‘tax year’, all in simple terms.

Tax filing tips: How to claim exemptions on interest income

Taxpayers can claim exemptions on interest income under Section 80TTA (up to Rs 10,000 for those under 60) and Section 80TTB (up to Rs 50,000 for senior citizens).

Income tax filing: What salaried taxpayers should remember

Income tax filing for salaried taxpayers looks so easy, but omitting a few items can lead to errors, delays, or penalties. Reading the instructions first makes processing more convenient and refunds quicker.

First-time filing? Top tips to make your income tax return process easy

Filing ITR for the first time might appear daunting, but knowing the basics and preparing in advance can prevent you from making costly errors and last-minute stress. Here's what you should consider before you press the "submit" button.

Updated returns: A second chance to get your taxes right

Discover the details of updated returns, including eligibility, process, additional tax implications and caveats to rectify errors or omissions.

ITR filing 2024-25: Exemptions and deductions for senior citizens

Senior citizens choosing the old tax regime can claim deductions under Section 80C on investments, including the tailor-made SCSS, as also deduction of up to Rs 50,000 on health insurance premiums or expenses, among others

ITR filing deadline extended from July 31, 2025 to September 15, 2025

This extension will provide more time due to significant revisions in ITR forms, system development needs, and TDS credit reflections, says CBDT

Income Tax Return 2025: I-T dept upgrades ITR-2 filing process. Check new changes

Ahead of the filing season, the Income Tax department has introduced an updated version of excel-based utility for the filing of ITR-2

Tax department's compliance nudge results in 30,161 taxpayers declaring foreign assets worth Rs 29,000 crore

The declarations came as part of the Central Board of Direct Taxes’ (CBDT) Compliance-Cum-Awareness Campaign, aimed at encouraging voluntary disclosures of offshore wealth and income.

Not all Indians need income-tax clearance certificate for travel, says CBDT

The confusion arose from a misinterpretation of amendments introduced by the Finance (No.2) Act, 2024 to Section 230(1A) of the Income-tax Act, 1961, the Ministry of Finance said in a press statement.

Ghost income in tax statement: How to cope with AIS stricken with errors

ITR Filing: From cashbacks on credit cards being reported as income to joint holders of mutual funds and real estate sales being subjected to same income, your Annual Information Statement can show multiple errors. Correct it soon before it is too late.

Income tax filing | Missing Form 10BE: Why donors are forgoing tax deduction benefits

Income-Tax filing: The Government has shifted the tax compliance burden for donations on to charitable organisations. However, donation details aren’t getting pre-filled in tax returns as promised in Union Budget 2020.

ITR filing last day today: Over 6.13 crore income tax returns filed so far

The last date for salaried individuals to file income tax returns for the previous year is on July 31 if they do not have to get their accounts audited.

Set to earn income through Twitter (X) posts? Know how it will be taxed

Whether you are a salaried employee, a homemaker or a professional, if you have income from your social media activities, you will need to pay taxes.

Income tax filing: 27% of taxpayers yet to file returns, monsoon blamed for delay: Survey

Filing income tax returns: The findings show that while 70% have filed their returns, 5% have tried but faced difficulties. Another 8% said they would file by the end of the month. However, 14% said that they may be unable to file their returns within deadline

Income-Tax Filing: What is AIS and how it helps in filing returns

The Annual Information Statement is a critical document that provides a complete overview of an individual’s transactions during a financial year. It helps in identifying discrepancies in income or deductions, allowing taxpayers to rectify them before filing their income tax returns.

Income tax returns: New income-tax regime is now the default regime. Here’s how to navigate the switch

I-T return-filing: You can now select between the old and new income tax regimes at the time of filing your tax returns, irrespective of which option you had gone in for at the start of the calendar year with your employer. Salaried individuals can do this every year. But for professionals, the option to switch regimes is available only once.

ITR 1 Filing: Who should file ITR 1 and who should not?

ITR-1, also known as Sahaj, is the most commonly used form. It is applicable for individuals who are residents other than not ordinarily resident (ROR) having an income of up to Rs 50 lakh per annum.

Income tax return filing: How long does it take to receive an ITR refund?

The sooner you file your ITR the earlier you will receive your refund. File it well in advance of the deadline.