Dereck Hogan, Marcia Bernicat and Alaina Teplitz, the career diplomats who were allegedly asked to leave their roles, oversee the State Department’s workforce and internal coordination.

The Income Tax Department announced the extension to allow taxpayers additional time to file revised and belated ITRs. If you missed the initial deadline of December 31st 2024, this extension ...

The Income Tax Department on Tuesday conducted a survey action against an educational trust run by the KR Mangalam Group, which operates several schools and colleges in Delhi-NCR. The trust allegedly ...

Notably, the income tax department recently released excel utilities for ITR forms ITR-2 and ITR3 to exercise the option to claim rebate u/s 87A. However, you have to manually edit the tax rebate ...

That will remain the same for tax year 2025 (filing in 2026), but the IRS adjusts the income range for each bracket annually to account for inflation's impact on salaries. Depending on how much ...

The new tax regime requires no such documentation, allowing only two specific deductions. The Income Tax Act, 1961's old tax regime provides various tax exemptions and deductions. (AI image ...

India has been trying to modernize its tax laws for decades to reduce the bureaucratic burden on taxpayers and boost compliance. Tax disputes have more than doubled to 10.5 trillion rupees ($123 ...

The Income Tax Department has updated the Excel utilities for ITR Forms 2 and 3, allowing taxpayers to claim the rebate for Assessment Year (AY) 2024-25. The department also announced that the HTML ...

The Central Board of Direct Taxes (CBDT) has announced vacancies for the position of Processing Assistant Grade B in the Income Tax Department. Candidates who meet the required qualifications for ...

Applications must be routed through the proper channel and addressed to the Directorate of Income Tax (Systems), CBDT ... for direct promotion within the department will not be eligible for ...

Data shows that middle 40% of the population continues to account for the largest share of income, followed by the top 10%. The share of top 1% in net national income declined to 7.3% in 2022-23 from ...

Income tax slab: In Budget 2024, Finance Minister Sitharaman introduced key changes to the income tax slabs under the new tax regime to make them more attractive for taxpayers. Along with ...