Rs 15 lakh, Rs 20 lakh or Rs 25 lakh CTC? Check your exact TDS under new vs old tax regime for Tax Year 2026-27Understanding Tax Deducted at Source (TDS) on your salary is crucial. Employers calculate your annual tax liability based on declared incom...
25 Jun, 2026, 11.47 AM IST
Filing ITR? Don’t ignore the ‘nature of employment’ field; it can affect NPS & retirement tax benefitsThe "Nature of Employment" field in the ITR is more than a routine disclosure. An incorrect selection can affect certain tax benefits, incl...
23 Jun, 2026, 11.44 AM IST
New income tax regime: Don’t miss out on these 3 key deductions that will reduce your taxable income & help save more taxMany taxpayers mistakenly believe the New Tax Regime offers no deductions. However, salaried employees and pensioners can claim a Rs 75,000...
30 May, 2026, 08.45 AM IST
December financial changes: Key banking, pension & ITR filing due dates you must not missBank customers and pensioners face crucial deadlines in November 2025. SBI is discontinuing its mCASH service. Pensioners must submit their...
29 Nov, 2025, 10.03 AM IST
Facing mismatch in Form 26AS, AIS, and Form 16 while filing ITR? Here’s what you can doChartered accountants highlight persistent mismatches in the income tax portal's Form 26AS and AIS, causing reconciliation issues and filin...
13 Sep, 2025, 09.40 PM IST
Income tax slabs for ITR filing FY 2024-25 are different under new tax regime: Check detailsIncome Tax Slabs: Many taxpayers are unaware of the income tax slabs that will apply to their income under the new tax regime, which is nec...
18 Jun, 2025, 09.52 AM IST
Form 16 changes: Higher standard deduction for these taxpayers, and other changes in Form 16 for FY 2024-25 (AY 2025-26)Form 16 TDS Certificates ITR filing: Due to the income tax changes made in the FY 2024-25 (AY 2025-26), Form 16 will show certain changes t...
05 Jun, 2025, 01.23 PM IST
Can I switch to the old income tax regime while filing ITR?Our panel of experts answers questions related to any aspect of personal finance. If you have a query, mail it to us right away.
24 Apr, 2025, 01.25 PM IST
ITR-1,4 for income tax return filing FY2023-24 notified by CBDT; last date to file July 31, 2024The Central Board of Direct Taxes (CBDT) has notified the income tax return forms for current financial year i.e. FY 2023-24 (AY 2024-25). ...
23 Dec, 2023, 11.06 AM IST
How you can still save tax while filing ITR for FY 2022-23If you are wondering how to lower the tax liability while filing income tax return, then it may happen that you have missed out to claim ce...
28 Jul, 2023, 11.52 AM IST
Tax on EPF, NPS, Superannuation fund: Here's all you need to know about itEmployer contributions to retirement funds such as Employees Provident Fund (EPF), National Pension System (NPS), or any other superannuati...
23 Mar, 2022, 02.51 PM IST
ITR filing: How to report excess employer contribution to EPF, NPS, retirement fundsWith effect from the financial year 2020-21, the excess contributions made by the employer to EPF, NPS and retirement funds will be taxed a...
30 Sep, 2021, 10.11 AM IST
10 challenges taxpayers face while filing ITRSome incomes are tax-free, some allow deductions. In such a scenario, computing taxable income is challenging.
19 Jul, 2019, 12.37 PM IST
Penalty on late filing of ITR and other tax changes effective from Apr 1Penalty on belated ITR, tax on LTCG from shares and equity-oriented mutual funds, here are the tax changes effective from April 1.
31 Dec, 2018, 01.06 PM IST
Tax changes in 2018 that have affected your personal financesHere are some of the important tax changes directly impacting your personal finances that came into effect this year and the dates when the...
19 Dec, 2018, 10.10 AM IST
Tax queries: There’s no penalty for short payment of advance taxDilip Lakhani, Senior Chartered Accountant, answers queries from our readers on income tax and other levies.
29 Jun, 2018, 12.24 PM IST
No Form 16 yet? You can still file your income tax returnsWith the tax-filing deadline closing in and no sign of Form 16 yet, it is best to gather all your documents, calculate your liability and f...
03 Aug, 2016, 12.37 PM IST