The IT Department launched a new web portal for taxpayers to ease the filing process and make it simple and faster.
Transactions that are incurred in high denominations are known as high value financial transactions
An individual taxpayer can claim a deduction of up to ₹25,000 for the health insurance premium of self, spouse and dependent children.
Different types of income tax forms are available on the website of income tax.
As per the new tax regime, certain incomes are exempted.