E-filing of I-T returns crosses one-crore mark

The Central Board of Direct Taxes (CBDT), the administrative authority of the Income Tax department, has recently enhanced the last date for filing of I-T returns, both manual and e-filed, to August 5 for the 2013-14 fiscal.

More than 82 lakh tax returns e-filed till July 29: FinMin

More than 82 lakh income tax returns have been e-filed till Monday which is 40 percent higher than the same period last year, the Finance Ministry said Tuesday.

Majority of young don't claim tax refunds: Survey

Just 27 percent of the young in the age group of 20-34 who file returns claim refund, while this figure is 53 percent for the middle-aged (above 35 years), the survey conducted by online tax return filing portal TaxSpanner has shown.

E-filing of return must for person with income over Rs 10 lakh

The government has made it mandatory for individuals with income of over Rs 10 lakh to file their tax returns for 2011-12 electronically.

I-T returns not required for salary upto Rs 5L/year

Salaried employees earning up to Rs 5 lakh a year will not be required to file income tax returns from this year,says a Finance Ministry notification.