'No Plan To Phase Out Old I-T Regime'

'Going forward, the encouragement would be to move to the new tax regime.' IMAGE: Finance Minister Nirmala Sitharaman addresses a post Budget media conference, February 1, 2024. Photograph: Rahul......

More than 90% taxpayers may switch to new regime: CBDT chief

The Budget announcement of zero tax for earnings upto Rs 12 lakh per annum and the rejig of tax slabs across the board should prompt more than 90 percent of individual taxpayers to embrace the new......

CBDT notifies ITR forms for Assessment Year 2024-25

The Income Tax department on Friday said it has notified I-T return forms 2, 3 and 5 for filing tax returns for assessment year 2024-25. Illustration: Dominic Xavier/Rediff.com The ITR-1, which......

ITR Filings Hit Record 72.8 Million

The platform recorded a peak rate of 917 filings per second on July 17 and 9,367 filings per minute on July 31. Illustration: Dominic Xavier/Rediff.com   A record 72.8 million income-tax......