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Latest from income tax

Income tax refund: How to raise refund reissue request

Following assessment, the tax department computes the tax by factoring in all applicable exemptions and deductions and processes refunds.

Refund is credited to the taxpayer's account in four to five weeks. As per the post on X (formerly Twitter), “If your refund has failed for any reason, please submit “Refund Reissue Request” as applicable.
Updated on Jul 02, 2024 10:50 AM IST

From income tax to credit cards, 6 major financial changes in July

Migration of Citi credit cards to Axis Bank will be completed by July 15. Axis Bank has launched several new card variants to migrate Citi credit card users.

The last date for filing your income-tax returns for assessment year 2024-25 is July 31. In order to ensure smooth IT return filing, it is advised to start the process ahead of the deadline.
Updated on Jul 01, 2024 09:34 AM IST

Budget 2024: Higher standard deduction limit possible under new tax regime

Most parts of the government seem to favour concessions, especially for the middle class, which supports the Modi regime, but now questions the returns it gets.

Representational
Published on Jun 25, 2024 11:13 AM IST
By | Edited by Abhyjith K. Ashokan

Afraid of making mistakes while filing ITR? Top tips for error-free filing

ITR filing: Make sure that personal details that you enter like PAN number, name and address are accurate as failing to do so can lead to rejection.

ITR filing: Always re-check all the bank details that you enter in order to be eligible for any refunds that may be directed to your bank account.
Published on Jun 24, 2024 09:10 AM IST

Income tax returns: False HRA while filing ITR could cost you this much

False HRA claims can lead to penalties. Here’s how to claim HRA correctly during tax filing in order to maximize your tax savings

ITR filing: Here’s how to claim HRA correctly during tax filing in order to maximize your tax savings
Published on Jun 21, 2024 01:15 PM IST
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