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A 'surcharge' is an extra tax that individuals with incomes exceeding Rs.50 lakh are required to pay.

Reduced effective tax rate of 39% in top tax bracket of new tax regime, as opposed to 42.74%; here's how marginal relief works

The All India Federation in an appeal against Section 43B(H) of the Income Tax Act, Vyapar Mandal has filed a case in the Supreme Court.

Section 43B(h): Petition filed in Supreme Court against MSME Late Payment Clause of Income Tax

The Income Tax Department has set a deadline of April 30 for approving pending tax refunds.

Income Tax Department sets April 30 as deadline for approving pending Refunds

When purchasing a property for more than Rs. 50 lakh, the buyer is required to deduct TDS, which is normally 1% of the property's value, before paying any sellers.

19% TDS might have to be paid by Property buyer out of his own pocket for this PAN related issue

An error message was received by taxpayers completing Q4 TDS returns (Form 24Q) and claiming standard deduction under section 16(ia) for Section 115BAC cases.

Error in Salary TDS Return Form 24Q for FY 2023-24 to be Rectified Soon; says IT Dept

In April 2024, salaried employees will need to select their income tax regime in order for their employers to deduct taxes from their salaries.

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Reduced effective tax rate of 39% in top tax bracket of new tax regime, as opposed to 42.74%; here's how marginal relief works

Section 43B(h): Petition filed in Supreme Court against MSME Late Payment Clause of Income Tax

Income Tax Department sets April 30 as deadline for approving pending Refunds

19% TDS might have to be paid by Property buyer out of his own pocket for this PAN related issue

Error in Salary TDS Return Form 24Q for FY 2023-24 to be Rectified Soon; says IT Dept

Which Income Tax Regime to choose? Can Election result impact decision of salaried Employee