Latest Income Tax Returns News & Updates

Chennai, May 6 (IANS) A writ petition has been filed in the Madras High Court seeking the registration of a First Information Report (FIR) against actor and Tamilaga Vettri Kazhagam (TVK) President C. Joseph Vijay in connection with alleged income tax irregularities linked to the 2015 Tamil film “Puli”. The petition, which was numbered by the High Court Registry on Wednesday, is expected to be listed shortly under the caption “For Maintainability.” Though the plea had originally been filed l…

New Delhi, Jan 7 (IANS) India’s high-income salaried class is growing at a fast pace as the share of salaried taxpayers earning more than Rs 30 lakh a year increased from 18.49 per cent in 2024 to 23.34 per cent in 2025, a new report said on Wednesday.This reflects strong upward mobility within the middle and upper-middle class, data compiled by ClearTax showed.The findings are part of ClearTax’s annual report, ‘How India Filed in 2025’, which analysed millions of income tax returns to u…