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Financial Year News

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Big Relief for Middle Class: ₹12 Lakh Income Now Tax-Free from April 1

Starting today, April 1, 2025, millions of middle-class taxpayers can breathe a sigh of relief as the government rolls out a game-changing update to the income tax slabs. With no tax levied on incomes up to ₹12 lakh, this bold move promises to put more money back into the pocke...
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Eid Off Denied: Bank Employees Gear Up for March 31 Deadline

Bank employees across India hoping to celebrate Eid with a day off have been dealt a tough blow as the Reserve Bank of India has scrapped the holiday, citing the critical March 31 financial year-end deadline. With Eid-ul-Fitr expected to fall around late March 2025, staff are now...
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Govt releases income tax return form 1, 4 for assessment year 2024-25

Taxpayers who are eligible to file for ITR-4 will also have to opt out of the new regime, if they don’t want that to be included because the new tax regime will be included by default....
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MobiKwik turns profitable and expects almost double revenue this fiscal

As per sources, the fintech platform, MobiKwik, became profitable in the March quarter and plans to nearly treble revenue to over Rs 1,000 crore in the current fiscal. The company ended the fiscal year 2022–2023 with a 39 percent increase in net sales, which was Rs 560 crore...
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GST Collection Sees 13 Percent Growth In March, Jumps To 1.5 Lakh Crore

GST collections in March increased by 13 percent to reach the second-highest level ever of Rs 1.60 lakh crore, bringing the overall growth rate of revenue mop-up for the entire fiscal year 2022–2023 to 22 percent. More than 91 percent of GST-registered businesses filed retur...

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