Income Tax Threshold 2025-23

Income Tax Threshold 2025-23. Apart from not paying penalty of rs 5,000, it is important to file itr before the deadline expires to get the option to. We are unable to provide specific advice.

This higher tax rate applies to income above the $500,000 small business threshold or income not eligible for the small business deduction. These reports indicated that the panipuri seller received payments for the outward supply of goods and services exceeding the threshold limit mentioned under the gst act.