In the absence of Form 16, individuals can file ITR using documents such as salary slips, Form 26AS and investment records to claim deductions
Form-16 plays an important role in filing Income tax return. The company in which you work gives you the Form-16. Generally, all the employees get Form-16 by June 15.
All you want to know about in what circumstances you can file HRA claim and in what circumstanes you can't
If you change jobs within one financial year, you should first submit Form-12B to your new employer.
Were you also waiting for Income Tax Return i.e. ITR form? Now the wait is over. Income Tax Department has issued two out of 7 forms, ITR-1 and ITR-4 online.
All you want to know about Rs 2,000 bank note exchange! Clear all your doubts here!
Income Tax Department now works on the logic that a person can hide his earnings but cannot hide his expenses or investments. In the last few years, the Income Tax Department has made a mechanism, by which the expenses and investments are monitored. Watch this report to know more
When an old housing society is redeveloped i.e. it is made afresh. Then the builder provides the landlords with a place to live or gives money to live on rent. Until their own house is not available. Usually this money is used to live on rent in another house. So how will you be taxed in this case. Check out in this video
Special Allowance component of salary usually includes things like Fuel and Travel Reimbursement, LTA, Phone Bill Reimbursement, etc. These things are available to the employees as reimbursement and can be used to save taxes...
The financial year 2023-24 has started from April 1 but the changes made in the budget of 2023 have increased the confusion of taxpayers. Taxpayers are entangled in the calculations to save tax and this time tax saving plan starts by choosing the tax system. To make a blueprint for tax saving and financial planning rightaway, watch this report.