Income-Tax Department Ups the Game Against Those Submitting Fake Rent Receipts

January remains crucial for salaried individuals, considering companies ask for investment proof.…

Tax-Saving Strategy: A Note on Allowances to Claim Deductions

A salaried individual–especially those who fall under the higher tax slab bracket–can…

Penalty up to 200% of Tax Possible for Misreported Income in ITR

With the Income Tax Returns (ITR) filing deadline ending on July 31,…

Claim HRA Exemption and Reduce Your Tax Liability for FY 2022-23

Living in a rented house has its own benefits, one being to…

Taxes in 2023: A List of Expectations From Budget 2023

With every January comes new hopes and expectations, amongst them being a…

Is it possible to claim HRA even if you stay with your parents?

House Rent Allowance (HRA) is one of the components of the salary…

File your ITR online without Form 16

Form 16 is a TDS certificate furnished by the employer to the…

How to claim an income tax deduction on house rent payment without HRA

The salaried individuals, who stay in rented accommodation, take advantage of claiming…
Tax Exemption

9 Investments and Payments That Will Help a Salaried Individual Save Tax This Year

July is an important month for Indian taxpayers as they get around…

7 ways to save taxes without making new investments

The season of saving your income taxes will be gone soon! It’s…