filing income tax returns Archives

ITR filers grow by 32% in 5 years: Government

Topnewsplus2 weeks ago04 mins

The number of people filing income tax returns (ITR) in India has grown by over 32 per cent in the past five financial years, the Parliament was informed on Tuesday. While 6.48 crore people filed ITRs in FY 2019-20, the figure rose to 8.56 crore in FY 2024-25, Minister of State for Finance Pankaj Chaudhary,…

ITR FY25 Filing: Earn crores, pay no Income Tax! This is the only tax-free state in India

Topnewsplus1 month ago05 mins

As the income tax filing season for FY 2024–25 gains momentum, here’s an interesting twist: there’s one Indian state where select residents can earn crores of rupees without paying a single rupee in income tax. That state is Sikkim—India’s only income tax-free state under special constitutional protection. Sikkim: India’s only income tax-free state In a…