Section 115BAC of the Income Tax Act lays down the tax slabs and rules applicable under the new tax regime.

• By Financial Express
• 18/04/2025

It is not necessary to attach any documents while filing your returns. However the details given in various documents will have to be used while filling up the online form.

• By Financial Express
• 17/04/2025

Under section 269ST of the Income Tax Act, receiving more than Rs 2 lakh in cash is prohibited, whether it is a single transaction or the sum of many transactions on the same occasion.

• By Financial Express
• 16/04/2025

Those filing their returns for the first time must also choose between two tax regimes (with different deduction amounts) and link their PAN and Aadhaar cards in order to enable electronic verification.

• By Financial Express
• 15/04/2025

Read the customer reviews on Google and other social media platforms. Look for an insurer with a high claim settlement ratio, low complaint numbers, and positive online reviews.

• By India TV
• 14/04/2025

The filing of income tax return (ITR) is compulsory for those individuals whose annual income is above the basic exemption limit. According to the Old Tax Regime, the basic exemption limit is still Rs 2.5 lakh for general taxpayers under 60 years of age.

• By Financial Express
• 07/04/2025

NRIs can claim a GST refund on insurance premiums, which makes purchasing Indian policies more affordable

• By Money Control
• 04/04/2025

The Income Tax Department has launched a new Excel-based utility version of ITR-2 to make filing easier. This form is designed for individuals and Hindu Undivided Families (HUFs) who do not have any business or professional income.

• By Financial Express
• 03/04/2025

The Insurance Regulatory and Development Authority of India (IRDAI) reported that 11% of health insurance claims were denied in FY24, totalling ₹26,000 crore in repudiated claims.

• By CNBC
• 01/04/2025

File your updated Income Tax Return (ITR-U) before March 31, 2025, to correct omissions or errors and avoid penalties. Learn more about filing, deadlines, and additional tax liabilities.

• By Financial Express
• 29/03/2025

Term insurance plays the vital role of a safety net and ensures one's loved ones are protected in the absence of the primary bread earner.

• By Financial Express
• 26/03/2025

While pre-existing medical conditions may lead to premium loading or coverage restrictions, being transparent about one’s medical history is essential to avoid claim denials later.

• By Financial Express
• 25/03/2025

Understanding the pros and cons of each option ensures you make a strategic decision that aligns with your financial future.

• By Financial Express
• 17/03/2025

To support property owners, the government provides various tax benefits on let-out properties, which can be used by the taxpayers to reduce their overall taxable income.

• By NDTV
• 16/03/2025

Here are the top five reasons why women need term life insurance in 2025.

• By The Economic Times
• 08/03/2025

The Income Tax Department has recently released a new brochure highlighting how clubbing of income provisions is applicable for individual taxpayers.

• By The Economic Times
• 05/03/2025

Starting January 2025, lenders must update credit records every 15 days instead of once a month. As a result, financial activities will appear on your credit report sooner.

• By Financial Express
• 03/03/2025

If you are availing exemptions or deductions under the old tax regime, the new tax regime may lead to a higher tax outgo.

• By Financial Express
• 02/03/2025