The move to make income up to Rs 12.75 lakh effectively tax-free under the new tax regime has sharply reduced the relevance ...

As taxpayers closed the 2025 filing season, one theme stood out clearly: Individuals left a substantial amount of tax savings ...

Tax Dept finds fake deduction claims by refund agents, targeting RUPPs and charities. Penalties: 200% fines, prosecution. ITR ...

Most income tax notices involve minor mismatches or routine verification and can be resolved by submitting clarifications or documents. Key takeaway: timely response avoids unnecessary ...

The Income Tax Department is sending alerts to taxpayers for AY 2025-26, placing refunds on hold due to ITR discrepancies.

If you are declaring your RENTAL INCOME from Jaipur Flat in your ITR then you are justified in claiming HRA. TARUN: My mother ...

The new labour codes may shrink your take-home salary, but they quietly boost your tax-efficient retirement savings. With basic pay now required to be at least 50% of CTC, employees automatically see ...

Salaried employees should review Form 12BB by January to avoid higher TDS, ensure accurate Form 16 reporting, and fully claim tax-saving deductions.

Under the allowed deductions, salaried employees and regular pensioners can claim a standard deduction of Rs 75,000, which remains one of the biggest reliefs in the new regime.

Explains how gratuity exemptions differ for government, private, and Gratuity Act–covered employees. Key takeaway: exemption is capped at ₹20 lakh, and excess becomes ...

Taxpayers who missed the original deadline to file their Income Tax Return (ITR) still have a limited window to comply with ...

Despite a record number of processed tax returns and issued refunds, millions of taxpayers are still facing delays in ...