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1. www.incometax.gov.inHome | Income Tax Department

   www.incometax.gov.in

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   Jul 11, 2024 · e-Filing of Income Tax Return or Forms and other value added services & Intimation, Rectification, Refund and other Income Tax Processing Related Queries

   • Salaried Employees

     Salaried Employees - Home | Income Tax Department

   • Downloads

     Download offline utilities related to Income tax...

   • Help

     Help - Home | Income Tax Department

   • Business/Profession

     Business/Profession - Home | Income Tax Department

   • Senior / Super Senior Citizen

     Senior / Super Senior Citizen - Home | Income Tax Department

   • Non Resident

     Non Resident - Home | Income Tax Department

   • Hindu Undivided Family (HUF)

     Hindu Undivided Family (HUF) - Home | Income Tax Department

   • AOP/BOI/Trust/AJP

     AOP/BOI/Trust/AJP - Home | Income Tax Department

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3. www.incometax.gov.in › iec › foportalSalaried Individuals for AY 2024-25 | Income Tax Department

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   The Finance Act 2023 has amended the provisions of Section 115BAC w.e.f AY 2024-25 to. make new tax regime the default tax regime for the assessee being an Individual, HUF, AOP. (not being co-operative societies), BOI and Artificial Juridical Person.

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5. www.incometax.gov.in › iec › foportalDownloads - Income Tax Department

   www.incometax.gov.in › iec › foportal

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   Apr 1, 2024 · Download offline utilities related to Income tax returns/forms, DSC Management Software and Mobile App.

6. People also ask

   Will a standard deduction be allowed in FY 2023-24 (Ay 2024-25)?

   • However, from FY 2023-24 (AY 2024-25) this benefit of a standard deduction will now be allowed for salaried employees and pensioners opting under the New Tax Regime as well. 5. Tax rebate limit raised from Rs. 5 lakhs to Rs. 7 lakhs under New Tax Regime:

   Income Tax Amendments applicable from FY 2023-24 - Tax Guru

   taxguru.in/income-tax/income-tax-amendments-applicable-fy-2023-24.html

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   What is new tax regime in 2023?

   • Starting 1 st April 2023, the new income tax regime will become the default tax regime. However, taxpayers will still have the option to go for the old regime, but to do so, you will have to file your ITR on or before the due date. If you are a salaried taxpayer, TDS will be deducted based on tax rates under the New Tax Regime. 2.

   Income Tax Amendments applicable from FY 2023-24 - Tax Guru

   taxguru.in/income-tax/income-tax-amendments-applicable-fy-2023-24.html

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   Which changes in income tax will be effective from 1st April 2023?

   • Here are the major changes in income tax which will be effective from 1st April, 2023 i.e. from FY 2023-24: G. Other Important Changes: 1. New Tax Regime to be the default regime: Starting 1 st April 2023, the new income tax regime will become the default tax regime.

   Income Tax Amendments applicable from FY 2023-24 - Tax Guru

   taxguru.in/income-tax/income-tax-amendments-applicable-fy-2023-24.html

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   How many ITRs were filed on 31 July 2024?

   • On 31 July 2024, 69.92 lakh ITRs were filed, exceeding last year’s count of 64.33 lakh on the same date. Notably, almost 72 percent of the taxpayers filed their ITRs under the New Tax Regime. 2. Attention Taxpayer !! Please compare the tax liability under the New Tax and Old Tax regime before filing of the return.

   Home | Income Tax Department

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7. cleartax.in › s › itr-form-downloadIncome Tax Form PDF Download AY 2024-25: How To Download ITR ...

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   You can download the PDF format of these ITR forms from the official website of the Income Tax department for AY 2024-25. In this article, you will learn how to download the ITR form for ITR 1, ITR 2, ITR 3, ITR 4, and ITR 5.

8. cleartax.in › s › due-date-tax-filingITR Filing Last Date FY 2023-24 (AY 2024-25) | Income Tax ...

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   • When Is The Last Date to File Itr?
   • Income Tax Returns
   • Consequences of Missing The ITR Filing Deadline
   • What If ITR Filing Is missed?
   • What Are Financial Year (FY) and Assessment Year (Ay)?
   • Important Due Dates For Paying Advance Tax Instalments For FY 2023-24
   • TDS Payment Due Dates For FY 2023-24
   • TCS Payment Due Dates For FY 2023-24

   ITR filing last date for non audit tax payers for Financial Year 2023-24 (AY 2024-25) was July 31, 2024. However, if you miss filing within the due date, you can still file a belated returnbefore December 31, 2024.

   See full list on cleartax.in

   The Income Tax Return (ITR) e-filing for FY 2023-24 (AY 2024 -25) has started from 1st April 2024 and the last date to file ITR for FY 2023-24 is discussed below.

   See full list on cleartax.in

   Interest

   If you submit your return after the deadline, you will be liable to pay interest at a rate of 1% per month or part month on the unpaid tax amount as per Section 234A.

   Late fee

   In case of late filing, Section 234Fimposes a late fee of Rs.5,000, which shall be reduced to Rs.1,000 if your total income is below Rs.5 lakh.

   Loss Adjustment

   In case you have incurred losses from sources like the stock market, mutual funds, properties, or any of your businesses, you have the option to carry them forward and offset them against your income in the subsequent year. This provision substantially reduces your tax liability in future years. However, you will not be allowed to carry forward these losses if you miss filing your ITR before the deadline.

   See full list on cleartax.in

   Belated Return

   If you miss the ITR filing due date, you can file a return after the due date, called a belated return. However, you will still have to pay the late fee and interest charges, and you will not be allowed to carry forward any losses for future adjustments. The last date for filing a belated return is 31st December of the assessment year (unless extended by the government). Therefore, for this year, you may submit the belated return by 31 December 2024 at the latest.

   Updated Return

   Still, if you miss the 31st December deadline due to unavoidable reasons still you can file the updated (ITR U) return subject to the conditions specified therein. Click here to know more.

   See full list on cleartax.in

   The return you will file in the upcoming year is for the income you earned in FY 2023-24, i.e. for the income earned between 1 April 2023 and 31 March 2024. The assessment yearis the review year for FY 2023-2024, where you file your returns and declare your returns by declaring all the incomes, exemptions, deductions, losses etc., already made or i...

   See full list on cleartax.in

   Whenever we talk about income tax, there are certain tax formalities that need to be followed within the specified due dates, such as filing income tax returns, paying advance taxon time, etc. The due dates for the payment of advance tax are:

   See full list on cleartax.in

   Tax Deducted at Source (TDS)is the tax deducted from the money paid at the time of making specified payments such as salary, rent, commission, professional fees, interest etc. by the persons making such payments The due dates for depositing the tax deducted at source and filing of TDS return for the financial year 2023-24 for deductors is as shown ...

   See full list on cleartax.in

   Tax Collected at Source(TCS)is the tax collected by the seller from the buyer on the sale of specified items and deposited by the seller to the Government. For other cases, sellers must deposit the TCS amount within 7 days after the end of the month in which the tax was collected. Tax collectors are required to submit a quarterly TCS return in Form...

   See full list on cleartax.in

9. cleartax.in › s › income-tax-slabsIncome Tax Slabs FY 2023-24 & FY 2024-25 (New & Old Regime ...

   cleartax.in › s › income-tax-slabs

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   3 days ago · Latest Income Tax Slab & Tax Rates in India for FY 2023-24 (AY 2024-25): Check out the latest income tax slabs and rates as per the New tax regime and Old tax regime.

10. taxguru.in › income-tax › income-tax-amendmentsIncome Tax Amendments applicable from FY 2023-24 - Tax Guru

    taxguru.in › income-tax › income-tax-amendments

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    Apr 4, 2023 · Here are the major changes in income tax which will be effective from 1st April, 2023 i.e. from FY 2023-24: Page Contents. A. Changes relating to New Tax Regime: B. Changes relating to Salaried Employees: C. Changes relating to Business and Professions: D. Changes relating to Capital Gains: E. Changes relating to Other Sources: