From April 1, 2025, taxpayers earning up to ₹12 lakh can enjoy zero income tax under the new tax regime, following a higher ...

The Union Budget 2026 has proposed a staggered timeline for filing income tax return (ITR) to ease the rush during the peak ...

- Taxpayers now receiving refunds within just 4 hours of filing ITR. - ITR-2 and ITR-3 forms are now active on the official portal. - Deadline to file ITR for FY 2024–25 is September 15, 2025. New ...

Moving beyond rate-centric reforms, the government has focused on re-designing the compliance lifecycle spanning original ...

In her Union Budget 2026 speech, Nirmala Sitharaman said the deadline for filing ITR-1 and ITR-2 will continue to be July 31.

As per the Income Tax Department guidelines, it generally takes 4 weeks to 5 weeks to credit a refund to a taxpayers account.

● If you have business or professional income and you want the old regime, you must file Form 10-IEA within the due date under section 139 (1), as per the Income Tax Department guidance. On the portal ...

If implemented it will lead to reduced compliance burden, lower cost of tax filing, and significant savings in time and effort.

FM proposes retaining July 31 deadline for ITR-1 and ITR-2, extends timelines for revisions and non-audit cases.