Income tax penalties explained: Under-reporting, not furnishing ITR, and more -Defaults and penalties under different sections

If you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 111th part of this series, Riju Mehta lists some of the ...
Mint

Income-tax returns: How much rebate can you claim under Section 87A? Eligibility and rules explained

Currently, Section 87A allows individuals to claim a rebate of up to ₹12,500 under the old tax regime and up to ₹60,000 under the new tax regime. AI Quick Read Income-tax returns: The income-tax ...
Zee Business

ITR 2026 Explained: Employer selected new tax regime by default? Know if you can change it while filing the income tax return

Only salaried taxpayers get a chance to change their tax regime every year. For business individuals and professional income, taxpayers can change their tax regime only once in a lifetime. Switching ...

ITR verification process: Different ways to e-verify your Income Tax Return using Aadhaar OTP, net banking, EVC

Taxpayers can now e-verify their Income Tax Returns using multiple online options. Aadhaar OTP and Electronic Verification ...