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The Income-Tax (I-T) department has issued around 8,000 notices to salaried employees, self-employed individuals, and companies who made significant donations to charitable trusts. The department suspects potential tax evasion, as records…

<!-- -->Ms Sitharaman also proposed to change the tax structure by reducing the number of tax slabs to 5.New Delhi: Trinamool Congress (TMC) leader Shatrughan Sinha on Wednesday said that the Union Budget presented in the Parliament…

Last Updated: January 09, 2023, 15:45 ISTUnder this scheme, annual income up to Rs 2.5 lakh will be tax-exempt.In the Budget 2020-21, the central government introduced an optional income tax regime.The annual budget session is nearing by…

The last few years have been extremely challenging on the individuals due to Covid scenario, global war related crisis, soaring inflation, pay cuts, lay-offs, along with added medical expenditure. To add to this there is fear of a global…

Policymakers are examining the possibility of increasing the tax-free slab to Rs 5 lakh in the two-year-old alternative personal income tax regime to make it attractive, a government official said. At present, taxpayers don’t pay income…

Sign up for CNN's Wonder Theory science newsletter. Explore the universe with news on fascinating discoveries, scientific advancements and more.Ancient Egypt exerts a powerful pull on the imagination of every generation, refusing to stay…

Prominent Egyptian archaeologists have renewed a call for the return of the Rosetta Stone from the British Museum to Egypt, 200 years after the deciphering of the slab unlocked the secrets of hieroglyphic script and marked the birth…

New Delhi: In a slight relief to Uttar Pradesh consumers, the Uttar Pradesh Electricity Regulatory Commission (UPREC), on Saturday, released the new electricity tariff prices for the current fiscal year 2022–2023. The major change in the…

Individuals who do not need to audit their income accounts, must file income tax return or ITR for the assessment year 2022-23 by July 31, 2022. At present, there are two income tax regimes available for taxpayers — old income tax regime,…

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