The Indian government introduces annual changes to tax regulations, impacting how you file your ITR. This year, significant updates include revised tax slabs, enhanced deductions for pensioners and medical insurance, expanded TDS and TCS provisions, and streamlined processes for faceless assessments and appeals. Stay informed about these changes to ensure accurate tax calculations and maximize benefits.
April 15 was tax filing day for many taxpayers. If you haven’t received your refund yet, use the IRS refund tracker to check the status. It takes at least 24 hours to track an online return or four weeks if you mailed your return. Factors that can affect refund delivery include errors, additional review, corrections needed for the return, and variations in processing times.
