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Tag: India tax system

Advance Tax Alert! Today’s the Deadline for First Instalment

Advance Tax Alert! Today’s the Deadline for First Instalment

Taxpayers must pay the first instalment of advance tax for the financial year 2025–26 by today, June 15. The Income Tax Department issued a reminder via a post on X, stating that this payment is mandatory for individuals whose accounts require auditing under Section 44AB. The department urged taxpayers to “make a smart plan” and […]

India’s Old vs New Tax System: What You Need to Know

India’s Old vs New Tax System: What You Need to Know

India’s Old vs New Tax System: In India, taxpayers have two main options for paying income tax that is the old tax system and the new tax system. Both have their advantages, and understanding the differences can help you save money. India’s Old vs New Tax System: Under the new tax system, the income tax […]

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