Taking a second loan for home loan repayment? Claim tax deduction on both under old tax regime for Tax Year 2026-2027Homeowners can now potentially claim tax deductions on interest paid for both their original home loan and a subsequent loan taken to repay...
26 Jun, 2026, 10.58 AM IST
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...
17 Jun, 2026, 12.23 PM IST
Do you need to file ITR if you only incurred losses from equities or mutual funds? Check the detailsIndividuals earning below basic exemption limits (Rs 2.5 lakh old, Rs 4 lakh new regime) generally don't need to file ITR. However, mandato...
16 Jun, 2026, 11.21 AM IST
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 ...
12 Jun, 2026, 07.11 AM IST
ITR filing 2026: 9 key checks every taxpayer must make for AY 2026–27India's income tax administration has become increasingly data-driven, with information from TDS/TCS reporting, SFT filings and other sourc...
11 Jun, 2026, 07.43 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
Who can file ITR-1 this year? Common mistakes to avoid while filing ITR-1 for AY 2026-27 on or before July 31, 2026Individuals eligible for ITR-1 filing for AY 2026-27 must file by July 31, 2026. This form is for resident individuals with income up to ₹5...
15 May, 2026, 11.55 AM IST
Used meal card benefits? Form 12BA deadline alert: Why salaried employees must collect it by April 30 for filing ITR for AY 2026-27Salaried employees need to collect Form 123 from employers by April 30, 2026. This form details perquisites like meal card benefits. It is ...
30 Apr, 2026, 04.36 PM IST
ITR filing for AY 2025-26: 7 prominent changes in ITR excel utilities for FY 2024-25, which taxpayers including salaried should knowThe income tax department has introduced enhanced validation rules in the ITR filing utility for FY 2024-25 (AY 2025-26), primarily affecti...
06 Jun, 2025, 12.09 PM IST
ITR-1 and ITR-4 forms enabled for online filing through income tax e-filing portal for AY 2025-26, know who all can file online income tax returnsThe Income Tax Department has launched the online utility for filing income tax returns for FY 2024-25 (AY 2025-26). Currently, only ITR-1 ...
04 Jun, 2025, 11.37 AM IST
Filing a nil ITR: 6 unexpected benefits from getting a travel visa, loan, scholarship and moreBenefits of filing an ITR: There are multiple benefits of filing an income tax return (ITR). As per Swapnil Bhaskar, Chief of Strategy, Niy...
09 Jul, 2024, 12.52 PM IST
What is a Nil ITR? Check out who is eligible for it and the benefits of filing a Nil ITRIf your income is below the basic exemption, then you need not file an income tax return. Despite this if you voluntarily file your ITR, it...
16 Oct, 2023, 11.31 AM IST
Who can and cannot file income tax return using ITR-1 for FY 2022-23?Not everybody can file ITR-1 (Sahaj) especially if they have any income from capital gains or income from cryptocurrencies or virtual digit...
31 Jul, 2023, 03.56 PM IST
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...
06 Jul, 2023, 11.30 AM IST
Quicker loan processing, visa applications, buying life cover: 5 benefits of filing ITR before deadlineThe Income Tax Return (ITR) filing deadline is July 31, 2022. Taxpayers must electronically submit their ITR before the deadline in order t...
19 Jun, 2023, 05.33 PM IST
Last date for higher EPS pension, PAN-Aadhaar linking, investing in PMVVY, other money deadlines of 2023With the arrival of new year 2023, there are many deadlines which an individual should know. These deadlines are monetary which impacts you...
02 Jan, 2023, 10.36 AM IST
When can you not use Form ITR1 to file income tax return for FY 2020-21?Form ITR-1 is used by most individual salaried taxpayers to file their income tax returns. However, there are certain situations where an i...
28 Dec, 2021, 10.39 AM IST