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Mississippi's Republican governor pushes income-tax cut, says critics rely on 'myths'

Mississippi's Republican governor pushes income-tax cut, says critics rely on 'myths'

Mississippi's Republican governor pushes income-tax cut, says critics rely on 'myths'
Published on Sep 25, 2024 04:31 AM IST
AP |

Tax on EPF: How employees provident fund interest and withdrawals are taxed

While EPF gives tax benefits during the contributing phase, there are tax implications when withdrawing it, depending on the employment purpose and duration

Employees Provident Fund (EPF) is a retirement savings scheme for employees.(HT)
Updated on Sep 18, 2024 01:29 PM IST

TCS employee income tax notices a 'discrepancy,' ITRs to be reprocessed: Report

TCS said that the employees who received the income tax notices will get a intimation of rectification soon and don't have to pay any demand amount

About 40,000 TCS employees received income tax notices, with tax demands ranging from <span class='webrupee'>₹</span>50,000 to 1 lakh, depending on the salary and seniority.(Bloomberg)
Published on Sep 14, 2024 12:59 PM IST

How long does it take for income tax department to process ITR?

Income tax returns must be processed within nine months of the end of the fiscal year after you file them.

If the ITR is not successfully processed, the income tax refund if applicable, will not be credited to your bank account. (Representational Image/Unsplash/Scott Graham)
Published on Aug 25, 2024 09:23 PM IST

26% of ITRs are yet to be processed, is yours among them? Find out why

The 20 days it took for the IT department to process more than 70% of ITRs is however, much more than the 11 days it took in 2023

The Income Tax Department processed 73.71% of all verified income tax returns (ITRs) as of August 22, 2024 (Pexels)
Published on Aug 23, 2024 02:39 PM IST
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