My landlord is refusing to give his PAN card number. Can I still claim HRA?
If you’re paying an annual rent of more than 1 lakh rupees, then compulsorily you will have to submit your landlord PAN to your employer so that your employer deduct…
Tax
My employer did not let me claim my HRA component. Can I claim it while filing taxes?
So let’s say you have your HRA component clearly mentioned in your salary breakup, but your employer did not let you claim it because you did not submit your investment…
Tax rates of G20 Countries and India’s Global Standing.
Let's uncover the income tax rate ranges in G20 countries, and identify the key contrasts in tax structures between leading economies.
Impact of union budget 2024 on property investments
Discover the new long-term capital gains tax rules on housing in the 2024 Union Budget. See how these changes impact property investments in major cities and what it means for…
I earn 3.5 lakhs in salary and no tax is cut from my salary slip. Should I still file taxes after 31st March?
Yes, you have to file it because of the advantages that you get. For example, it serves as income and address proof both for you. Your visa approval and loan…
During the year, I had worked with three different employers and none of them deducted any tax from salary paid to me. If all these amounts are clubbed together, my income will exceed the basic limit. Do I have to pay taxes on my own?
Yes, you have to file ITR as our income tax works on the basis of an honest system. Since your income was below the basic exemption limit of 3 lakh…
Tax Saving Strategies for your Property Gains-
Buy a house? Pay Tax. Sell your house? Pay tax. Enough! Here's your chance to minimise tax burden and protect your long-term capital gains.
I am new to ITR and have no idea what this even means. Please help me understand how it works.
So let’s break this word and try to understand. Income tax is the tax that every resident in the country pays to its government from the income that they make.…
This is Kiran working at Wipro. I’m watching a lot of videos these days asking to pay advance tax. Should I be doing it?
Advance tax is paid during the year to provide the government with funds for day-to-day operations, rather than at year's end. Now, should you be paying for it? If you…
What’s changed in the Union Budget 2024?
A bird's eye view of the most important tax reforms, including changes to income tax slabs, capital gains, deductions, and how these updates will impact you.
Last year I had invested in a 5 year post office time deposit and showed it for tax deduction. Here is my doubt. Can I claim the same this year too until 5 years of completion?
So tax is computed based on all your incomes received in the previous year. Similarly, any tax saving investments or tax saving expenses is also considered only if done for…
Do’s and Don’ts you must follow while Filing your ITR!
Filing your returns can get more hectic than making money! And god forbid the doubts and dillemas. But, we got you! Here's a deatiled list of Do's and Dont's while…
My employer did not let me claim my HRA component. Can I claim it while filing taxes?
So let’s say you have your HRA component clearly mentioned in your salary breakup, but your employer did not let you claim it because you did not submit your investment…
I have been employed by two employers during the same year. Can I claim a basic exemption of 2.5 lakhs against each of the salary incomes?
Look, whether it is the old tax regime or the new tax regime, incomes from both your employers are added together under the head income from salary and this is…
How many pay taxes in India?
A break-down of the trends in tax return filings, and personal income tax collections across 10 years to see how taxpayer participation is changing.