If you drive for a ride-hailing app, work a side gig or otherwise own a small business, you may have to pay self-employment taxes. These are based on your net earnings, which is your income minus ...

The Income Tax Department on Friday released Excel utilities for ITR-2 and ITR-3 forms, which can be used by taxpayers to file ITR on income received from Taxable Capital Gains, crypto income, and ...

It’s likely that portions of your taxable income are taxed at different rates, in different tax brackets. Your marginal tax bracket represents the highest tax rate you'll pay on your taxable ...

Effective tax rate is your average tax rate as a percentage of your total income. Learn how effective tax rates differ from tax brackets, also known as marginal tax rates.

Open the utility and click Continue to proceed. Select your Residential status (choose Resident/Non-Resident accordingly) ...

The Income Tax Department has released Excel utilities for ITR Forms 1 (Sahaj) and 4 (Sugam) for the Assessment Year 2025-26, allowing eligible taxpayers to prepare their returns for the financial ...

ITR-7 for AY 2025-26 has significant changes. Learn about the new reporting rules for trusts and non-profits, including donor disclosures and capital ...

ITR 2024-25: Taxpayers should categorize their income and select appropriate forms for filing, such as ITR-1 for salaries and ITR-4 for business income.

Income Tax: Only two months are remaining before the deadline to file income tax return (ITR) for FY 2024-25 expires on September 15, 2025. Last week, the income tax department released excel ...

Filing your ITR for FY 2024-25 requires essential documents like PAN, Form 16, AIS, capital gains reports, and investment proofs to ensure error-free, timely income tax return submission.