Taxpayers often have to file income tax returns just so to claim a refund for having tax deducted at source for various reasons even when their income does not fall under the taxable bracket. The ...

It’s that time of the year when taxpayers start downloading the Annual Information Statement (AIS) and Form 26AS to file their income tax returns (ITR). AIS is a detailed summary of a taxpayer's ...

Tax Deducted at Source (TDS) is the tax deducted by the payer before they make certain payments. These include salaries, bank interest, or rent, to the payee. Sometimes, due to miscalculated ...

Wondering when your Tax Deducted at Source (TDS) refund will hit your bank account this year? For the Assessment Year 2025-26 (Financial Year 2024-25), the Income Tax Department has significantly ...

In a significant move aimed at simplifying the income tax filing process for low-income individuals, the Indian government is proposing a major relief in the Income Tax Bill 2025. As per the proposal, ...

New Delhi: Salaried individuals often need to file an Income Tax Return (ITR) just to claim a refund of Tax Deducted at Source (TDS), even if their income is below the taxable limit. The government is ...

New Delhi: Under the new Income Tax Bill 2025, taxpayers will now be able to claim a TDS refund even if they file their return after the due date. This is a major relief for many who miss the deadline ...

New Delhi Taxpayers whose income falls below the taxable threshold, but who end up having tax deducted at source for a variety of reasons and then file income tax returns solely for the purpose of a ...

A parliamentary committee reviewing the Income Tax Bill 2025 suggests allowing individual taxpayers to claim TDS refunds beyond the deadline without penalties. The committee also advocates for tax ...

An employee working with a Chennai-based company faced a situation where three months’ salary remained unpaid, yet TDS was deducted, and Form 16 was issued. Today's Ask Wallet Wise decodes if one can ...