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  2. Income tax return (India) - Wikipedia

    en.wikipedia.org/wiki/Income_tax_return_(India)

    The Income Tax Act, 1961, and the Income Tax Rules, 1962, require citizens to file their tax returns with the Income Tax Department at the end of every financial year and this form is a part of the filing process as specified by the Government of India. The due date for filing return with the Income Tax Department of India is 31 July every year.

  3. Indian tax forms - Wikipedia

    en.wikipedia.org/wiki/Indian_tax_forms

    The Income Tax Department of India specifies the use of the Form and various rules and regulations are associated with it. The Income Tax Act, 1961, and the Income Tax Rules, 1962, govern the process of filing Income Tax Returns in India. Form 3CE is a part of this process and is an Audit Report format and is required by Section 44DA. [24]

  4. Income tax in India - Wikipedia

    en.wikipedia.org/wiki/Income_tax_in_India

    Income tax in India is governed by Entry 82 of the Union List of the Seventh Schedule to the Constitution of India, empowering the central government to tax non-agricultural income; agricultural income is defined in Section 10(1) of the Income-tax Act, 1961. [2]

  5. New Tax Regime - Wikipedia

    en.wikipedia.org/wiki/New_Tax_Regime

    FY2021-22 was an uneventful year for the New Tax Regime as no new changes were announced except the relaxation of Income Tax filing for senior citizens over 75 years. [ 26 ] The government's tax policy for the near future was clearly outlined which indicated that all tax breaks will be gradually eliminated while maintaining a low tax rate.

  6. What Are Tax Allowances and How Many Should You Claim? - AOL

    www.aol.com/tax-allowances-many-claim-000000748.html

    Tax Allowances. Circumstance. Number of Allowances You Can Claim. Single. 0-1. Married filing jointly. 1. Head of household. 1. Married filing separately, and have only one job

  7. Taxation in India - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_India

    The tax is collected by the Income Tax Department for the central government. Farmers - who constitute 70% of the Indian workforce - are generally excluded from paying income tax in India. Income tax returns are due in India generally on 31 July, 30 September or 30 November, depending on the category of taxpayer.

  8. Are Medical Expenses Tax Deductible? - AOL

    www.aol.com/medical-expenses-tax-deductible...

    Is it worth claiming medical expenses on taxes? It can be, but it depends on your situation. Medical expenses are only deductible if they exceed 7.5% of your adjusted gross income (AGI).

  9. Am I Tax Exempt? How to Tell - AOL

    www.aol.com/am-tax-exempt-tell-140052540.html

    IRS guidelines determine which organizations qualify as tax-exempt under Section 501(c)(3). To be tax-exempt, an organization must: Be organized and operated exclusively for exempt purposes, as ...