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SALARIED TAXPAYER PERQUISITE
Foreign investments in your portfolio? Follow this ITR checklist to avoid tax scrutinyResident and Ordinarily Resident (ROR) taxpayers with foreign assets or income must carefully disclose overseas investments, dividends and ...- 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...
- Salary hike this appraisal season? New labour codes and tax rules may change your real take-home payAppraisal season this year saw companies begin aligning salary structures with new labour codes and updated income tax rules. While some fi...
- 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...
- Meal card reporting when filing ITR: How to do it correctly and claim tax benefits under both the old and new tax regimesSalaried employees can now claim meal card tax benefits under both old and new tax regimes from Tax Year 2026-27. For AY 2026-27, the benef...
- New I-T Act framework notified; taxpayer relief with stricter compliance from April 1New Income Tax Act rules are now in effect from April 1. These rules offer relief to taxpayers with increased house rent allowance limits i...
- New Income Tax rules, 2026 notified: From HRA to company car to meal card, top six prominent changes which will impact salaried taxpayersThe Income Tax Rules, 2026 have been notified, introducing significant changes for salaried taxpayers. Key updates include revised motor ca...
- Big tax savings in old tax regime: Monthly hostel allowance of Rs 9,000; savings of Rs 89,000 on Rs 15 lakh salary, check the impact of draft income tax rules 2026New draft income tax rules for 2026 suggest higher limits for several allowances. Taxpayers in the old tax regime can save more income tax ...
- Five important changes in Income Tax Act and procedures in 2025 that will impact your future taxationNew income tax rules for 2025 bring welcome changes. Salaried individuals earning up to Rs 12.75 lakh will pay no tax. TDS thresholds for r...
- Good news for salaried taxpayers: Limits for these two tax-free perquisites raised substantially in Finance Act, 2025Good news for salaried individuals. The Central Board of Direct Taxes (CBDT) has raised the income limits for tax-free perks. This change i...
- Have a CTC of over Rs 17 lakh? You can still pay zero tax just by rejigging your salary structure: Here's howSalary structure to pay zero tax: If your taxable income is more than Rs 12 lakh, there are ways that you can still pay zero tax. This can ...
- ESOP taxation relief in Budget 2024: Govt may consider deferring tax to point of saleAs per present Income-tax provisions, taxability of ESOPs occurs at two stages. Firstly, at the time of allotment of shares and thereafter,...
- Filling salary details in ITR-1 for FY 2018-19 gets easier for taxpayersIn the previous year, the format in which break-up of the salary was required to be filled in ITR-1 was not in sync with the Form-16.
- How to fill the new details required in ITR-1Unlike last year, this year's form requires taxpayers to provide break-up of their salary income like taxable allowances and income from ho...
- ITR-1 form for AY 18-19 now available for e-filingThe new ITR forms for the AY 2018-19 mandate the salaried class assessees to provide their salary breakup, and businessmen their GST number...
- Perks to burn bigger hole as pre-FBT norms returnPerks such as cars, rent-free accommodation, stock option plan, etc have become taxable in the hands of employees now. Final worth of your ...
- Waiting for the new tax codeLet us now wait for the tax code — with hopes for a less taxing life.
- You can go tax-free at your employer's costGood news for salaried taxpayers, in case your employer picks up your tax liability, this perquisite of tax-free salary will not be taxed a...
- Net-of-tax salary for expatriates in IndiaIn a recent decision, the special bench of the Delhi Income-Tax Appellate Tribunal has ruled that tax paid by the employer on behalf of the...
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