ITR filing 2024: Forms, eligibility criteria, and what you need to know
It’s that time of year again when people and businesses across India focus on filing their income tax returns (ITR). …
HRA
Fake HRA claims: What is this tax controversy and how to protect yourself?
The Income Tax department has discovered a number of cases where people have claimed a tax benefit (House Rent Allowance …
Deadline to choose between old and new tax regime?
In India, there technically isn’t a strict deadline to choose a specific tax regime for salaried individuals for the FY …
14 Exempt or Tax free incomes for salaried employees
Section 10 of the Income Tax Act provides tax exemptions to salaried professionals by excluding certain income sources from their …
How to restructure your CTC under old and new tax regime for maximum benefit
Restructuring one’s salary has gained more prominence as employers are offering flexible packages now. This enables employees to rationalise each …
Mismatch in HRA claims: No drive launched to reopen cases, clarifies CBDT
The objective of the e-verification was to alert cases of mismatches of information for FY21 only without affecting others, it …
CBDT Clarifies: No Special Drive to Reopen Cases on HRA Claims
CBDT clarifies that apprehensions about retrospective taxation on re-opening of cases on issues pertaining to HRA claims are completely baseless. …
IT department eyes on fake HRA claim using illegal PAN
In a recent revelation, the Tax Department has unearthed a sophisticated scheme where individuals deceitfully claimed Housing Rent Allowance (HRA) …
House Rent Allowance (HRA): Exemptions & Calculator
House Rent Allowance, commonly referred to as HRA, holds significant importance in both personal finance and employment benefits. It constitutes …
Think beyond 80C: Last-minute tax-saving hacks for you
With March 31st looming large, are you feeling a little stressed about maximizing your tax savings? But fret no more, …
