UPI Limit for Tax Payments Increased from Rs 1 Lakh to Rs 5 Lakh
“The Reserve Bank of India (RBI) has increased the UPI limit for tax payments from Rs 1 lakh…
UPI Transactions Soar: ₹20.64 Trillion in July, 45% Yearly Growth
The latest data from the National Payment Corporation of India (NPCI) reveals that Unified Payments Interface (UPI) transactions have seen…
A Whopping 70% of Indian Taxpayers Choose New Simplified Tax Regime
Synopsis: A record-breaking 70% of the nearly 6 crore Indians who filed their income tax returns for the…
New FASTag Regulations Starting August 1: Key Updates and Deadlines
Synopsis: On August 1, new rules for FASTag users came into effect, designed to improve toll payment efficiency…
July 31, 2024: Final Income Tax Filing Deadline, No Extension Expected
Synopsis: The deadline for filing income tax returns (ITR) for the financial year 2023-24 is July 31, 2024.…
Less than 50% of Income Tax Returns Filed; No Extension Expected
Synopsis: July 26th, 2024: As the deadline for filing income tax returns approaches on July 31st, the Indian…
New vs. Old Tax System: How India’s Latest Tax Reforms Affect Salaried Individuals
The Indian government is promoting a simplified income tax system for salaried individuals. Introduced in the 2020 budget,…
No Extension for ITR Deadline: Income Tax Department Warns Taxpayers Against Fake News
The Income Tax Department is urging everyone to be aware of false information circulating online. A news clipping…
AY 2024-25: Technical Glitch Prevents Taxpayers from Getting Tax Rebates
Synopsis: Thousands of taxpayers, especially those with lower incomes, are facing problems due to a glitch in the income…
Filed ITR Already? But You May Not Get Your Tax Refund Because Of This Reason
It’s important to be aware that there can be delays in receiving your income tax refund due to…