Form 16 is a basic document required to file the income tax return by salaried individuals. It may happen that individuals have switched jo...

Here is an analysis showing the maximum deductions a salaried individual needs to claim in the old tax regime so that the income tax payabl...

LTA exemption is available for 2 journeys in a block of 4 yrs. While the current block is 2022-25, one can undertake three journeys in the ...

Financial advisors say most new taxpayers are likely to opt for the new regime as it allows them to pay taxes easily, without elaborate tax...

Before availing of the tax benefit on LTA, there are, however, certain other important conditions attached to it. Read on to know them. Do ...

Here is the list if tax deductions and exemptions that one cannot claim if he/she opts for new tax regime for a particular financial year.

At times a taxpayer may forget to show the entire amount of the qualifying amount for deductions to the employer. There's still a way out.

Here is a look at how much you stand to gain by opting for the LTC cash voucher. This story will tell you about the rules of availing the L...

As per existing income tax law, an employee can claim tax-exempt payment of LTA/LTC (if provided by employer) equal to the fare of domestic...

It is universally accepted that tax breaks on investments nudge people to save more. The new tax regime has taken away the incentive to sav...

In our hurry to complete the tax-saving exercise before the end of the financial year, we end up making expensive mistakes. Here is a handy...

Kuldip Kumar, partner and leader, personal tax, PwC India speaks about what individual tax payers can expect from Budget 2017.

Compiling numbers from the two Form 16s is not enough. You will have to dig deeper. ET Wealth tells you how.

Holidays can mean heavy expenses. However, if you are a salaried individual, you can use the same vacation to save a decent amount on tax o...

The tax authorities are seeking more information about your income and expenses in the new forms introduced this year.

Our expert helps you Understand the Complexities of Tax In This Weekly Column.

The LTA is exempt from tax twice in a block of four calendar years (January-December , currently the block is 2006-2009 ) based on the actu...