Pakistan's tax narrative is riddled with paradoxes, systemic injustice, and institutionalized inefficiency. As the country ...

If you are a salaried taxpayer and have opted for the new tax regime, you can get tax benefits on the employer's contribution ...

A breakdown of deductions, exemptions, savings under the old and new systems will help you manage your finances ...

Section 87A offers a rebate to resident individuals with total incomes below a specified threshold. This rebate is subtracted ...

As per the Income Tax post on X, the ITR-3 form has been further simplified. According to the tax department, the ITR-3 form ...

Senior citizens can avoid TDS deductions on fixed deposit interest over Rs 1 lakh by filing Form 15H, which ensures no tax deduction if income is up to Rs 12 lakh under the new tax regime.

As taxpayers get ready to file their returns, it is crucial to understand the key sections of the Income Tax Act, 1961, that ...

Special allowances being made taxable is one of a host of factors driving the traction towards employee enrolment with ...

Free zone license = full exemption from corporate tax. Fact: All free zone entities are subject to corporate tax unless they ...

The Income Tax Department has introduced new ITR-1 and ITR-4 forms for FY 2024-25, simplifying tax filing for individuals ...

3. Being aggrieved, an appeal was filed before the CIT (A), who held that the since the appellant had failed to file return of income as well as the requisite Form 10IE within the prescribed time ...

According to Caledonia, transactions from the annual and interim periods between January 1, 2019 and September 30, 2024, ...