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STANDARD DEDUCTION FOR SALARIED PERSON
Microsoft employee reveals she received a hue shock when she asked former boss why she was underpaid: ‘The painful truth is….’A Microsoft employee's quest to understand her underpayment at Goldman Sachs revealed a stark reality: initial salary dictates future incre...- Standard Chartered processes real-time remittance to India in 37 seconds using Swift's new frameworkStandard Chartered has achieved a world first, processing a cross-border remittance to India in a mere 37 seconds using Swift's new retail ...
- Think you don't need to file an ITR for FY 25-26? These 8 benefits may change your mindITR filing: Filing your Income Tax Return (ITR) offers significant advantages beyond just tax payment. It's crucial for claiming refunds, c...
- Gen Z employee ignores 20 calls at 2 AM after server crash. Her reply stuns furious bossA Gen Z systems administrator's bold response to an unexpected unpaid on-call policy has gone viral, sparking debate on workplace expectati...
- SC lays down guidelines on computation of income of motor accident victimsThe Supreme Court has established new guidelines for determining motor accident compensation based on Income Tax Returns. For salaried indi...
- 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...
- Middle-class money reality: Is Rs 1,00,000 montly salary only worth Rs 30,000? CA says the reason is not overspending but something elseA Gurugram-based chartered accountant has sparked a discussion on social media after claiming that a ₹1 lakh monthly salary now feels like ...
- ITR filing deadline 2026: From July 31 ITR filing to TDS due dates; key forms you can't afford to missJuly marks crucial income tax deadlines for Indian taxpayers. The major deadline is July 31 for salaried individuals and pensioners to file...
- Man rejected Rs 35 LPA job in Hyderabad: ‘Better is what eventually….’A man's decision to reject a Rs 35 lakh annual job offer in Hyderabad for his hometown has sparked widespread discussion. He calculated sig...
- Mumbai IT professional claims Rs 3.91 lakh TDS, gets only Rs 79,000 and Rs 3.36 lakh tax demand as employer failed to deposit tax; here's what happened nextITAT Mumbai found that full TDS credit has not been granted since assessee’s employer has deducted TDS but has not remitted the same to the...
- 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...
- Assam State Budget 2026-27: FINER suggests higher devolution share and tax net wideningAhead of Assam's 2026-27 State Budget, industry body FINER urges higher central fund devolution and tax net expansion. They praise the Prof...
- 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...
- No Form 16? Here's how salaried taxpayers can file ITR using AIS and Form 26AS for FY 2025-26Salaried individuals awaiting Form 16 for ITR filing can still proceed without it. Employers must issue this TDS certificate by June 15th. ...
- Income Tax AY 2026-27: Even if your salary income is below Rs 12.75 lakh, you still need to pay tax for these incomesIncome Tax AY 2026-27: Salaried individuals earning up to Rs 12.75 lakh annually may enjoy zero tax liability due to enhanced Section 87A r...
- 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...
- Candidate earning Rs 5 lakh was offered Rs 7.5 LPA, as per 'market standard '. He rejected the offer, landed a Rs 14 LPA job. Delhi co-founder has a message for recruitersA job seeker rejected a Rs 7.5 lakh offer, which was presented as a 50% hike, arguing it undervalued his four years of experience and was l...
- 1 minute late from lunch means 1 hour of extended unpaid work hours? Viral memo leaves employees shockedA controversial workplace notice, allegedly from management, has gone viral on X, mandating a strict 30-minute lunch break. Exceeding this ...
- Paying rent but not receiving HRA? Here’s how non-salaried individuals can claim tax deductionSelf-employed individuals and salaried employees not receiving House Rent Allowance (HRA) can claim tax benefits for rent paid under Sectio...
- 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...
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