Anyone earning Rs 2.5 lakh or more in India must file an ITR. This rule applies to everyone, not just high-income earners.

Tax planning done right can reduce your tax liability by up to 26%. Most people don’t know about the tax-saving opportunities they can use. A tax planner India helps you tap into these savings. The ...

Union Budget on the horizon, the conversation around tax reform is intensifying. A simplified tax regime isn't just about ...

The simplification of ITR forms has been a welcome change for NRIs. However, e-verification of ITR form to successfully complete the filing process continues to pose certain challenges. Read our story ...

The simplified ITR-1 form is currently available for residents. Extending it to NRIs with limited income sources would make ...

Changes were made in the July Budget to reduce the complexity of the capital gains tax calculations and give some income tax ...

For the 2024 tax year (taxes generally filed in early 2025), the EITC is worth up to $4,213 if you have only one qualifying ...

The agency has “very sophisticated software” that compares information returns to what’s reported on your filing.

A cheat sheet for new brackets, deductions and credits you need to know for filing 2024 taxes and for this year’s tax ...