LIC's net premium income in Q4FY25 was Rs 1.47 lakh crore as against Rs 1.52 lakh crore a year ago.
Read MoreThis extension will provide more time due to significant revisions in ITR forms, system development needs, and TDS credit reflections, says CBDT
Read MoreTypically, the ITR filing process begins on April 1 of the assessment year. Accordingly, for FY 2024–25, filing should have opened on April 1, 2025. However, this year, there has been a delay, and the process is now expected to begin in June 2025.
Read MoreIn this story, we will discuss about the various tax benefits available for senior citizens those availing retirement benefits like commuted pension, gratuity, leave encashment on retirement and provident fund, etc. First, let's understand who actually are senior citizens as per the Income Tax Department.
Read MoreThe top government think tank's CEO further said that the overall geopolitical and economic environment are favourable to the country
Read MoreOn January 20, a total of 4,52,839 agents of LIC successfully completed and issued an astounding 5,88,107 life insurance policies across India, it noted
Read MoreForm 16 or Form 16A is the certificate of deduction of tax at source. It is issued on deduction of tax by the employer on behalf of the employees and provide details of TDS/TCS for various transactions between deductor and deductee. It is mandatory for employers to issue these certificates to taxpayers.
Read MoreAccording to data released by the Life Insurance Council, LIC collected Rs 13,610.63 crore in NBP for the month, up from Rs 12,383.64 crore in April 2024
Read MoreWith ITR forms for FY 2024-25 already available, now is the ideal time to prepare and avoid last-minute mistakes.
Read MoreDifferent tax returns are prescribed for filing by individual taxpayers depending on their income and its source as well as factors such as residential status.
Read MoreTypically, the ITR filing process begins on April 1 of the assessment year. Accordingly, for FY 2024–25, filing should have opened on April 1, 2025. However, this year, there has been a delay, and the process is now expected to begin in June 2025.
Read MoreAs taxpayers get ready to file their returns, it is crucial to understand the key sections of the Income Tax Act, 1961, that can help in accurate tax calculation, availing deductions, and choosing the appropriate tax regime.
Read MoreThe simplified form is designed for individuals and entities who earned up to Rs 50 lakh during the recently concluded financial year.
Read MoreThe Income Tax Department is expected to notify the filing forms for the financial year 2024-25, or Assessment Year 2025-26, soon.
Read MoreThe 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
Read MoreFollowing the tragic terror attack in Pahalgam, Jammu and Kashmir, where 26 people lost their lives, LIC has announced relief measures for the affected families.
Read MoreIt is mandatory to choose between the old and new tax regime while filing the online form --- with specific exemptions and deductions available for individuals.
Read MoreTaxpayers will soon be able to file their returns for FY25 via the official Income Tax Department website.
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