Here's what you should know about income tax, what it is, how it works, how to calculate it and which states don't have it.

Once return is processed, refund is due to the taxpayer however there is no specific time limit for issue of refund ...

The IRS adjusts the federal tax brackets every year account for inflation. The tax agency recently released the new brackets ...

Once the 31 December deadline passes, taxpayers do not have the opportunity to file revised ITR even though their returns are ...

Mumbai: If you have filed your income tax return but not received the refund, do not panic. In most cases, the delay happens ...

Understand the meaning of a 143(2) notice, why your return may be selected for scrutiny, and the steps required for a faceless assessment. Learn how proper documentation and timely response reduce ...

According to the Income Tax Department’s latest figures, about 8.80 crore returns have been filed for the Assessment Year ...