# individuals
6 posts in `individuals` tag
Tax Authorities 55 Million chose new Income Tax Regime
A senior government official noted that a considerable number of these taxpayers earn up to Rs. 7 lakhs. In the 2023-24 Budget, the government implemented substantial adjustments to the new tax structure to enhance its appeal.
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By Krishna
FM Nirmala Sitharaman's Major Announcement: New Tax Regime Exempts Individuals Earning Up to [Specific Amount] Per Year from Income Tax
In a tweet, the Finance Minister stated that "Under the new tax regime, individuals with an annual income up to Rs 7 lakh are exempt from paying income tax. Additionally, with the inclusion of marginal relief provisions, this threshold effectively increases to Rs 7.27 lakh.
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By Krishna
7 Essential Precautions for Individuals When Filing ITR: A Guide to Error-Free Tax Returns
This discrepancy may catch the attention of the tax department, resulting in a tax demand notice being issued to you. This notice will require you to pay any additional tax dues that may be applicable based on the unreported income.
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By Krishna
Steps To Pay Income Tax: ITR Filing For Individuals
Filing income tax can seem troublesome, but online platforms have made it easier and more convenient. Filing income Tax has been now more accessible than before.
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By Krishna
ITR 2 Form - What is ITR-2 Form? Eligibility & How To File ITR-2 Online
The Indian Income Tax Department has classified taxpayers into different categories based on their annual income, source of income, and other relevant factors. Each category has a specific form that must be used for filing income tax returns.
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By Krishna
income Tax Dept enables online filing of Income Tax Returns
The income tax department has enabled the income tax returns form (ITR1) and (ITR2) for the fiscal year 2022-23. Individuals, small business owners, and professionals are required to file these income tax return forms.
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By Krishna