income tax department

[ad_1] Artificial intelligence has refused to fade away into the background for months and it does not look like it will do so in anytime soon, judging by the reactions it has elicited today too. Chief Justice of India (CJI) has warned against misuse of tech, social media, and AI for harmful purposes; Income Tax Department is using AI to combat tax fraud among salaried employees; Hollywood extras say they are at risk of AI technology createing their digital clones- this and more in our daily AI roundup. Let us take a look.1. Chief Justice of India (CJI) warns against misuse of tech, Social Media, and AIChief Justice of India D Y Chandrachud has warned against misuse of technology, social media, and AI. He emphasises the importance of human values and individual privacy, urging for roll ...

[ad_1] Income tax department on Monday released a 'tax calculator' which will help an assesses decide if the new income tax regime announced in the Budget is good for him/her or if the old one is better. The tax calculator is live on the income tax department's portal. "Tax Calculator is now live! A dedicated tax calculator to check Old Tax Regime vis-à-vis New Tax Regime for Individual/HUF/AOP/BOI/Artificial Juridical Person(AJP) as per Section 115BAC can now be accessed on the IT Dept website," according to a tweet by the tax department. An Income-tax calculator is an online tool that helps to evaluate taxes based on a person's income based on Union Budget 2023-24 announcement. Individuals falling under the taxable income bracket are liable to pay a specific portion of their n...

Tag: income tax department

Finmin puts income tax calculator live on income tax dept portal