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Around 5.5 crore taxpayers may have migrated to new tax regime in current FY, since new income tax system has become more enticing for FY 2023-24 with a refund on income up to Rs.7 lakh, according to a senior government official.

Comparison of Tax Regime: New Income Tax Regime likely to chose by 5.5 crore Taxpayers in FY24

If your PAN card is not linked to an Aadhaar card by June 30, 2023, it becomes inoperative. This means you will be unable to use your PAN card, and if you do, you may be fined.

PAN Card Inactive: If PAN card becomes inoperative, will salary be credited into bank account?; Check Details

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The SBI Research Data unveils very shocking revelation. Trends in ITR Filing have changed. ITR Fillers with No Tax Liability double in past 3 years.

SBI Research: Deciphering emerging Trends in ITR Filing [Download Pdf]

The SBI Research data recently disclosed that Income Tax Threshold limit for Middle Class Income set to touch Rs. 50 lakhs in 2047. This data report tell that "how an efficient tax system is incubating a healthy, upwardly mobile “Middle Income Class"".

Income Tax Threshold: Middle Class Income set to touch Rs. 50 lakhs in 2047 [SBI Research]

In the 2019-20 financial year, around 20.8 lakh Andhra Pradesh residents filed income tax returns. In 2019-20, there were 6.64 lakh filers having no tax liability.

ITR Fillers with No Tax Liability double in Andhra Pradesh in 3 years

The Income Tax Department has added a new feature to the income tax e-filing website that allows people to pay their taxes later.

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Comparison of Tax Regime: New Income Tax Regime likely to chose by 5.5 crore Taxpayers in FY24

PAN Card Inactive: If PAN card becomes inoperative, will salary be credited into bank account?; Check Details

SBI Research: Deciphering emerging Trends in ITR Filing [Download Pdf]

Income Tax Threshold: Middle Class Income set to touch Rs. 50 lakhs in 2047 [SBI Research]

ITR Fillers with No Tax Liability double in Andhra Pradesh in 3 years

Income Tax Department notified a New Feature of Pay Later on Income Tax e-Filing Website