Income tax filing last date 2023

The income tax return filing season is upon us. Most salaried individuals are eligible to file their tax returns using ITR-1 form. This tax return form is also known as 'Sahaj'. However, not many people know the steps to file ITR-1 on the income tax e-filing portal. Here is a step by step guide of filing ITR-1 on the income tax e-filing portal. 14 Jun, 2023, 03:54 PM IST The income tax department has notified the cost inflation index (CII) number for the current FY. CII number is used to arrive at the inflation-adjusted price of an asset. The capital gains that are chargeable to income tax are lowered using the indexation benefit. From FY 2023-24, the indexation benefit has been removed from debt mutual funds. 14 Jun, 2023, 03:51 PM IST Similar to the income tax return (ITR) filing deadline, there is a deadline to file a TDS return as well. It is important to note that missing the TDS return filing due date has monetary consequences. TDS return is filed by the person who has paid income to another person. 02 Jun, 2023, 12:18 PM IST A salaried individual can file his/her income tax return either using ITR-1 or ITR-2. However, to know which ITR form is applicable to you, one must know all the sources of income during the financial year. Filing ITR using an incorrect ITR form will lead to defective ITR filing. Know how to know which form is applicable to you. 02 Jun, 2023, 10:57 AM IST Equities could break the June curse by making positive returns based on sustained inflows f...

Claire Hardwick, USA TODAY June 15 is this week, which means if you don’t have taxes taken out regularly from your paycheck, you need to write Uncle Sam a check soon. America’s taxes are pay-as-you-go, so you must pay most of your tax during the year as you receive income, rather than paying at the end of the year. There are two ways to pay tax: withholding taxes from your pay, your pension, or certain government payments, such as Social Security, or making quarterly estimated tax payments during the year. The first payment covering Jan. 1 through March 31 was conveniently due on the tax deadline, If you don’t make timely payments, you'll be penalized and end up paying more. But how do you know how much you need to pay and if you even must pay? This guide will break it down for you and give you tips to make sure you’re following the law: Who must pay quarterly estimated taxes? Who pays? Usually, it's Even if you have taxes withheld from your paycheck, taxes also must be paid on income that’s generally not subject to withholding such as interest, dividends, capital gains, alimony and rental income. A rule of thumb to know if you must file quarterly individual estimated tax payments is if the following apply, according to the IRS: ◾ You expect to owe at least $1,000 in tax for the current year after subtracting your withholding and refundable credits. ◾ You expect your withholding and refundable credits to be less than the smaller of: 90% of the tax to be shown on your curre...

• Log In Required • • Positions Log In Required • Positions • Log In Required • • Log In Required • • • • Log In Required • • Log In Required • • Log In Required • • Log In Required • • Log In Required • • Log In Required • • Log In Required • • Log In Required • Log In Required • Log In Required • Log In Required • Line of Credit Log In Required • • Send Important legal information about the email you will be sending. By using this service, you agree to input your real email address and only send it to people you know. It is a violation of law in some juristictions to falsely identify yourself in an email. All information you provide will be used solely for the purpose of sending the email on your behalf. The subject line of the email you send will be “Fidelity.com”. • Federal taxes on income earned in 2022 are due on April 18, 2023. • If you file for an extension, you have until October 16, 2023, to file your return, but you still must pay any taxes you owe by April 18, 2023. • If you pay quarterly estimated taxes, payments are due on April 18, 2023; June 15, 2023; September 15, 2023; and January 16, 2024. When are taxes due? The deadline to file your federal tax return and pay any federal income taxes you owe is Tuesday, April 18, 2023. The due date is pushed from the traditional April 15 deadline because that day falls on a weekend. Then it's pushed one day further because Washington, DC, observes Emancipation Day (April 16) on the following Monday, April 17. If you do...

• Pittsburgh synagogue shooter found guilty in Tree of Life attack • Daniel Ellsberg, Pentagon Papers leaker, dies at age 92 • Ohio man killed 3 young sons as daughter fled home, authorities say • Michigan man arrested for planning mass killing at synagogue • Staffer for Rep. Brad Finstad attacked at gunpoint near Capitol • DOJ report finds Minneapolis police use "dangerous" excessive force • New details emerge about U.S. couple found dead in Mexico hotel • Ja Morant suspended for 25 games without pay, NBA announces • The war on inflation is already won in some parts of the U.S. • • Shows • Live • Local • More • • Latest • Video • Photos • Podcasts • In Depth • Local • Global Thought Leaders • Innovators & Disruptors • • Log In • Newsletters • Mobile • RSS • CBS Store • Paramount+ • Join Our Talent Community • Davos 2023 • Search • Search • CBS Essentials is created independently of the CBS News editorial staff. We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. Getty Images The IRS is now accepting tax returns. But when are taxes due in 2023? No matter if you've begun assembling the documents you need to file your taxes, or you're still waiting on a W-2, you need to know the due date. If you regularly file your taxes, you may recall that tax day typically falls on April 15. However, April 15, 2023 falls on a Saturday this year. The following Monday is Emancipation Day, a recognized holiday in Was...

Form 16 AY 2023-24: Salaried employees will receive Form 16 this month from their employers. Form 16 contains details of tax deducted at source (TDS) by the employer on behalf of the employee. Apart from TDS, it includes a detailed summary of the salary paid by the employer. Employers are required to issue Form 16 by June 15. For filing Income Tax Returns, Form 16 plays a crucial role for salaried individuals as it provides a detailed description of the salary paid to the employee, deductions claimed by the employee, and the tax deducted from it. Can you change tax regime while filing Income Tax Return (ITR)? Check Tax Regime First, you should check what tax regime has been considered while computing Form 16. In case a new tax regime has been selected, compare the regimes using an income tax calculator with the claim of tax deduction and exemptions to see which regime is beneficial, according to Archit Gupta, Founder and CEO of Clear (formerly ClearTax) “Taxpayers who are salaried and don’t have any business income are allowed to switch to a more favourable regime at the time of filing their tax return.,” says Gupta. Also Read: Check all deductions You should check whether all your submissions for deductions have been included and allowed in the Form 16. “If not you can include deductions (those covered under chapter VIA) at the time of filing your return. Usually these forms are auto-generated and several websites allow you to upload them to auto-populate your ITR, which ...

Similar to the income tax return (ITR) filing deadline, there is a deadline to file a TDS return as well. It is important to note that missing the TDS return filing due date has monetary consequences. TDS return is filed by the person who has paid income to another person. 02 Jun, 2023, 12:18 PM IST A salaried individual can file his/her income tax return either using ITR-1 or ITR-2. However, to know which ITR form is applicable to you, one must know all the sources of income during the financial year. Filing ITR using an incorrect ITR form will lead to defective ITR filing. Know how to know which form is applicable to you. 02 Jun, 2023, 10:57 AM IST Equities could break the June curse by making positive returns based on sustained inflows from foreign institutional investors, say experts. Despite historical data showing that six times in the past decade the stock market has delivered negative returns in June, the country has had a good three-month run, causing money managers to gain confidence. With $8bn in foreign portfolio investments, coupled with continued inflows thanks to the fact that India is surging ahead of its emerging market peers, the Nifty50 is just 400 points away from its all-time high. 02 Jun, 2023, 09:47 AM IST The last date for filing income tax return (ITR) for FY 2021-22 (AY 2022-23) is July 31, 2022. If this deadline is missed by the individual taxpayers, then they have an option to file a belated income tax return. However, filing a belated ITR comes...

• Log In Required • • Positions Log In Required • Positions • Log In Required • • Log In Required • • • • Log In Required • • Log In Required • • Log In Required • • Log In Required • • Log In Required • • Log In Required • • Log In Required • • Log In Required • Log In Required • Log In Required • Log In Required • Line of Credit Log In Required • • Send Important legal information about the email you will be sending. By using this service, you agree to input your real email address and only send it to people you know. It is a violation of law in some juristictions to falsely identify yourself in an email. All information you provide will be used solely for the purpose of sending the email on your behalf. The subject line of the email you send will be “Fidelity.com”. • Federal taxes on income earned in 2022 are due on April 18, 2023. • If you file for an extension, you have until October 16, 2023, to file your return, but you still must pay any taxes you owe by April 18, 2023. • If you pay quarterly estimated taxes, payments are due on April 18, 2023; June 15, 2023; September 15, 2023; and January 16, 2024. When are taxes due? The deadline to file your federal tax return and pay any federal income taxes you owe is Tuesday, April 18, 2023. The due date is pushed from the traditional April 15 deadline because that day falls on a weekend. Then it's pushed one day further because Washington, DC, observes Emancipation Day (April 16) on the following Monday, April 17. If you do...

Claire Hardwick, USA TODAY June 15 is this week, which means if you don’t have taxes taken out regularly from your paycheck, you need to write Uncle Sam a check soon. America’s taxes are pay-as-you-go, so you must pay most of your tax during the year as you receive income, rather than paying at the end of the year. There are two ways to pay tax: withholding taxes from your pay, your pension, or certain government payments, such as Social Security, or making quarterly estimated tax payments during the year. The first payment covering Jan. 1 through March 31 was conveniently due on the tax deadline, If you don’t make timely payments, you'll be penalized and end up paying more. But how do you know how much you need to pay and if you even must pay? This guide will break it down for you and give you tips to make sure you’re following the law: Who must pay quarterly estimated taxes? Who pays? Usually, it's Even if you have taxes withheld from your paycheck, taxes also must be paid on income that’s generally not subject to withholding such as interest, dividends, capital gains, alimony and rental income. A rule of thumb to know if you must file quarterly individual estimated tax payments is if the following apply, according to the IRS: ◾ You expect to owe at least $1,000 in tax for the current year after subtracting your withholding and refundable credits. ◾ You expect your withholding and refundable credits to be less than the smaller of: 90% of the tax to be shown on your curre...

Form 16 AY 2023-24: Salaried employees will receive Form 16 this month from their employers. Form 16 contains details of tax deducted at source (TDS) by the employer on behalf of the employee. Apart from TDS, it includes a detailed summary of the salary paid by the employer. Employers are required to issue Form 16 by June 15. For filing Income Tax Returns, Form 16 plays a crucial role for salaried individuals as it provides a detailed description of the salary paid to the employee, deductions claimed by the employee, and the tax deducted from it. Can you change tax regime while filing Income Tax Return (ITR)? Check Tax Regime First, you should check what tax regime has been considered while computing Form 16. In case a new tax regime has been selected, compare the regimes using an income tax calculator with the claim of tax deduction and exemptions to see which regime is beneficial, according to Archit Gupta, Founder and CEO of Clear (formerly ClearTax) “Taxpayers who are salaried and don’t have any business income are allowed to switch to a more favourable regime at the time of filing their tax return.,” says Gupta. Also Read: Check all deductions You should check whether all your submissions for deductions have been included and allowed in the Form 16. “If not you can include deductions (those covered under chapter VIA) at the time of filing your return. Usually these forms are auto-generated and several websites allow you to upload them to auto-populate your ITR, which ...

• Blinken to raise cases of wrongfully detained Americans with Chinese • DOJ report finds Minneapolis police use "dangerous" excessive force • Daniel Ellsberg, Pentagon Papers leaker, dies at age 92 • Michigan man arrested for planning mass killing at synagogue • UPS workers approve strike, setting stage for biggest walkout since 1959 • Pittsburgh synagogue shooter found guilty in Tree of Life attack • Staffer for Rep. Brad Finstad attacked at gunpoint near Capitol • Patriots player arrested at airport after 2 loaded guns found in luggage • Pete Davidson charged with reckless driving for Beverly Hills crash • • Shows • Live • Local • More • • Latest • Video • Photos • Podcasts • In Depth • Local • Global Thought Leaders • Innovators & Disruptors • • Log In • Newsletters • Mobile • RSS • CBS Store • Paramount+ • Join Our Talent Community • Davos 2023 • Search • Search • CBS Essentials is created independently of the CBS News editorial staff. We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. Getty Images The IRS is now accepting tax returns. But when are taxes due in 2023? No matter if you've begun assembling the documents you need to file your taxes, or you're still waiting on a W-2, you need to know the due date. If you regularly file your taxes, you may recall that tax day typically falls on April 15. However, April 15, 2023 falls on a Saturday this year. The following Monday is Emancipation Day...