ITR Filing 2025: As the ITR 2025 filing season is approaching, many freelancers and consultants are uncertain about how their income is taxed differently from salaried employees. The key differences lie not only in the type of ITR form to be used but also in how income is calculated, the deductions that can be claimed,…

ITR filing: Whether you’re a salaried individual, freelancer, or just entered the job market, filing income tax returns (ITR) for the first time may seem daunting. Hence, to make the filing process smooth and convenient, the Income Tax Department shared a detailed guide on filing ITR for first-time taxpayers. In a post on the social…

8th Pay Commission: With growing anticipation among central government employees and pensioners over the expected revision of salaries and pensions following the implementation of the 8th Pay Commission, the focus is also on the formulation of the Terms of Reference (ToR). Here’s a detailed guide on everything you need to know about ToR — 8th…

The income tax (I-T) department has now enabled the ITR-5 Excel form online for firms, Limited Liability Partnerships (LLP), Associations of Persons (AOP), and Bodies of Individuals (BOI). In a post shared on the social media platform X on Saturday, August 9, the income tax department noted, “Kind Attention Taxpayers! Excel Utility of ITR-5 is…

The Income Tax Department has warned taxpayers about a rising wave of phishing scams amid an increase in ITR filings by citizens. Scammers are trying to impersonate the I-T Department and promising fake refunds, it warned. The Income Tax Department issued a public alert on X to warn taxpayers about the ongoing income tax scam….

Best mutual funds: When investing in a mutual fund scheme, investors often examine the scheme’s returns and compare them with those of other schemes in the same category. Although past returns may not continue in the future, investors often base their investment decisions on how a scheme has performed in the past. Here, we list…