News

Income Tax Returns: New ITR-1 form explained – What are the key changes notified this year?

The simplified form is designed for individuals and entities who earned up to Rs 50 lakh during the recently concluded financial year.

Date: 02/05/2025 / Source: Financial Express
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ITR Filing 2025: You will get your Form 16 in new format this year – Know why

The Income Tax Department is expected to notify the filing forms for the financial year 2024-25, or Assessment Year 2025-26, soon.

Date: 27/04/2025 / Source: Financial Express
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Pahalgam terror attack: LIC settles Andhra victim’s insurance claim in record time

The staff collected the insurance bond from the family members, corroborated the same with the details in the FIR and other documents filed by the police

Date: 25/04/2025 / Source: The Hindu
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LIC eases claims process for Jammu & Kashmir terror attack victims

Following the tragic terror attack in Pahalgam, Jammu and Kashmir, where 26 people lost their lives, LIC has announced relief measures for the affected families.

Date: 25/04/2025 / Source: The Economic Times
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ITR Filing: 5 major income tax provisions taxpayers need to know in 2025

It is mandatory to choose between the old and new tax regime while filing the online form --- with specific exemptions and deductions available for individuals.

Date: 24/04/2025 / Source: Financial Express
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ITR Filing 2025: What is deadline to file income tax return this year?

Taxpayers will soon be able to file their returns for FY25 via the official Income Tax Department website.

Date: 22/04/2025 / Source: Financial Express
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ITR Filing: 6 ways the New Tax Regime can help you save more on income tax

Old tax regime, however, still offers taxpayers a range of options to save taxes through various eligible deductions and exemptions post 2025 Union Budget. On the other hand, the new tax regime has a fewer deductions available for taxpayers compared to the old regime. In this write-up, we will discuss various deductions available under the new tax regime for the purpose of tax saving.

Date: 22/04/2025 / Source: Financial Express
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ITR filing 2025: A step-by-step guide for senior citizens to file income tax returns

An individual resident who is 60 years or above in age but less than 80 years at any time during the previous year is considered a senior citizen for income tax purposes. The Income Tax department also defines people above the age of 80 as 'super senior citizens'.

Date: 21/04/2025 / Source: Financial Express
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How much money do you really need for financial freedom in India? Rs 10 crore, Rs 50 crore or more?

You don't need Rs 10 crore or Rs 50 crore for financial freedom — just calculate your expenses and aim for the right amount using the 4% rule.

Date: 19/04/2025 / Source: Financial Express
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