Income Tax Return: Under the new tax regime, the effective threshold may start from Rs 3 lakh for some, but mandatory filing applies if income crosses the exemption.

The Income Tax Department has launched an offline utility for filing ITR-1 (Sahaj) and ITR-4 (Sugam) in an Excel format for AY 2025-26 (FY 2024-25). The utility allows employees, pensioners, ...