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Business News/Topic/ Tax

TAX

Get the latest Tax news, videos and headlines. Explore more for Tax breaking news, opinions, special reports and more on mint.

The monthly increase in salaries is between ₹2,900 and ₹9,100 across various income ranges. Photo: Pixabay

Got a higher salary this April? Here's how to calculate your government ‘bonus’

3 min read . 09 May 2025

Gross GST collections in April at ₹2.37 trillion was a record, 12.6% more than the same month last year. (istockphoto)

Mint Primer | India’s economy looks strong. What could go wrong?

2 min read . 06 May 2025

Filing your ITR correctly in 2025–26 helps avoid penalties, delays, and income tax notices. (Pexels Photo)

Income tax filing 2025: Avoid these 5 costly mistakes

2 min read . 05 May 2025

New tax regime is the default regime now. So those taxpayers who want to file their return under the old tax regime need to opt for it. (Pexels Photo)

New Tax Regime: 7 key things every taxpayer should know while filing ITR

2 min read . 01 May 2025

India's central GST collection in April from domestic transactions stood at ₹48,634 crore, while the state GST mop-up was ₹59,372 crore. Data also showed that integrated GST from domestic transactions were ₹69,504 crore

GST collection rises 12.6% to highest-ever of ₹2.37 lakh crore in April 2025

3 min read . 01 May 2025

ITR-1 can be filed by a resident Individual whose total income does not exceed ₹ 50 lakh during the year.

Income Tax: CBDT notifies ITR-1 Sahaj, ITR-4 Sugam for financial year 2024-25

1 min read . 30 Apr 2025

A number of income tax deadlines are set to expire on April 30.

From Vivad Se Vishwas to Form 15G, these income tax deadlines expire today

1 min read . 30 Apr 2025

With the government steering taxpayers toward a simplified regime, the conventional model of tax-linked investments is gradually losing relevance.

Time to delink investments from tax savings and shift to efficient tax planning

4 min read . 29 Apr 2025

One can apply for TDS refund for 3 percent excess tax in Form 26B which is available on Traces Portal.

Higher TDS on rent: This is how you can reclaim it. A step-by-step guide

1 min read . 28 Apr 2025

As an RNOR, all incomes earned outside India are not taxable in the country except those derived from any business controlled in India or any profession set up in India. (Image: Pixabay)

Will my foreign salary be taxable in India?

2 min read . 28 Apr 2025

New Tax Regime offers concessional rate rates than what are charged in the old tax regime.

New Tax Regime: Why opting for it is more beneficial for salaried taxpayers?

2 min read . 27 Apr 2025

One can claim foreign tax credit for taxes paid in the US—but only up to the lower of the actual US tax paid or the Indian tax payable on the same income. (Pexels Photo)

How you can save up to ₹7,000 on interest income under the new tax regime

2 min read . 25 Apr 2025

International Monetary Fund chief Kristalina Georgieva. (Reuters)

IMF chief calls for swift trade policy resolution, domestic reforms

2 min read . 24 Apr 2025

The old tax regime offers deduction for investments made under different provisions but charges a slightly higher tax rate

Income tax: 4 key reasons to choose the old tax regime over the new tax regime

1 min read . 24 Apr 2025

Income Tax: Under the default regime, taxpayers are not permitted to claim exemption against house rent allowance

Opting for old tax regime? You can claim HRA exemption subject to certain limits

1 min read . 24 Apr 2025

The purchase of Items such as wristwatches, paintings, or home theatres, among others, above ₹10 lakh will be subject to a tax collected at source or TCS. (Pexels Photo)

Tax Alert: Wristwatch, paintings worth over ₹10 lakh to attract TCS

1 min read . 23 Apr 2025

Different lenders have different eligibility criteria for education loans. (iStockphoto)

Why you should save tax on education loans

3 min read . 23 Apr 2025

Learn about key income tax sections to boost savings and avoid filing penalties in FY 2025-26.

5 income tax provisions every taxpayer must know about

4 min read . 23 Apr 2025

Experts suggest that they should sign a proper rent agreement to be able to prove to the tax department when asked

I-T notice for paying rent to relative? Take these 3 steps to safeguard yourself

1 min read . 22 Apr 2025

The objective of Vivad se Vishwas is to inter alia reduce pending income tax litigation.

Income Tax: Last 9 days left before Vivad Se Vishwas scheme comes to an end

1 min read . 21 Apr 2025