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ITR HOUSE RENT
Filing ITR? Here's what AIS and Form 26AS tell the income tax department about youAs taxpayers gear up for ITR filing in AY 2026-27, understanding the consolidated Form 168 (formerly AIS and Form 26AS) is crucial. This un...
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...
Income tax dept identifies up to 20,000 cases of individuals who used the ‘swapped provisions’ trick to reduce net tax liability; Know what to do now to fix thisThe Income Tax Department has flagged 15,000-20,000 cases of individuals using a 'swapped provisions' trick to unfairly reduce their tax li...
ITR filing AY 2026-27: 8 costly mistakes taxpayers should avoid this tax return filing seasonThe I-T Department’s growing scrutiny, using AI and data analytics tools, leaves little room for omissions and errors, making accurate tax ...
New tax regime: 7 ways for salaried employees to reduce their tax liability while filing ITR for FY 2025-26Salaried individuals can still reduce their tax liability under the new tax regime for FY 2025-26. Key deductions include employer contribu...
Salaried employees beware! These 5 mistakes during ITR filing can trigger unexpected tax demandsWith the ITR filing season for AY 2026-27 now underway, many salaried taxpayers who faced TDS shocks in the last quarter of FY 2025-26 are ...
Waiting for Form 16? Here’s when employers may issue it for AY 2026-27 ITR filingSalaried employees await Form 16 for Assessment Year 2026-2027. Employers must issue this crucial tax document by June 15, 2026. This form ...
Why should these taxpayers avoid filing ITR before June 15th for AY 2026-2027Taxpayers are advised to delay filing their Income Tax Returns for AY 2026-2027 until after June 15th. This allows for the accurate updatio...
Zero income tax on Rs 15 lakh CTC? Here’s how these allowances and perks can cut your tax under new tax regimeSalaried individuals can significantly reduce their tax liability under the new tax regime by strategically utilizing allowances and perqui...
Old vs new tax regime: Key differences that you must know before ITR filing for tax year 2026-27The new tax regime offers lower rates but removes many deductions, making a thorough comparison with the old regime crucial. While both reg...
New ITR Utility: Is landlord’s PAN card needed for claiming HRA while filing income tax return?Rent HRA: The income tax department has released new excel and online utilities for ITR-1 and ITR-4. However, in the new excel utilities ta...
HRA tax exemption: Are both rent receipts and rent agreement a must as income tax proofs?Documents for HRA tax exemption: To claim HRA from their employers, many salaried employees usually use either rent receipts or rent agreem...
Rich taxpayers will now need to give more details, ITR-2, ITR-3 for FY 2023-24 notified by CBDTTaxpayers earning over Rs 50 lakh or owning multiple houses must provide additional information when filing income tax returns (ITR). The C...
ITR filing: How to calculate net annual value from house property, deductions allowed from rental incomeIf you are a landlord who derives rental income through letting out of his/her house property, then you must know how to calculate net annu...
How to claim HRA under old tax regime while filing ITRAn individual can save tax on the HRA amount received from employer if they have lived in rented accommodation during the previous financia...
How to calculate income from house property for ITR filing?If an individual owns the house property, then it may happen that he/she has some income from that property. However, not many people under...
How to calculate income from house property for ITR1The calculation of income from house property and all tax-related deductions that you are eligible to claim depends on whether the house is...