Senior Citizens are not required to ITR in these conditions

17 Jun, 2024

Senior Citizens are not required to ITR in...

In the realm of income taxation in India, age plays a significant role in determining the status and applicable rules f...

These taxpayers cannot use ITR-4 for ITR filing for FY 2023-24 (AY 2024-25)

17 Jun, 2024

These taxpayers cannot use ITR-4 for ITR f...

The Income Tax Return (ITR) Form 4, also known as Sugam, is a simplified form aimed at small taxpayers who have opted f...

Tax Slabs for AY 2024-25

17 Jun, 2024

Tax Slabs for AY 2024-25

It is crucial for taxpayers in India to understand the prevailing tax slabs and their implications. The tax slabs deter...

Who should not use ITR-1 Form for FY 2023-24 (AY 2024-25)

17 Jun, 2024

Who should not use ITR-1 Form for FY 2023-...

The Income Tax Return Form 1 (ITR-1), also known as Sahaj, is a simplified form for individual taxpayers. It is designe...

Income Tax Forms Applicable on Salaried Individuals

15 Jun, 2024

Income Tax Forms Applicable on Salaried In...

Form 12BB - Particulars of claims by an employee for deduction of tax (u/s 192) Provided by: An...

File ITR-1 (Sahaj) for AY 2024-25

15 Jun, 2024

File ITR-1 (Sahaj) for AY 2024-25

Filing your Income Tax Return (ITR) is an essential annual task for every taxpayer. For individuals with specific types...

Reporting Assets and Liabilities for Income Exceeding Rs 50 Lakhs in ITR

15 Jun, 2024

Reporting Assets and Liabilities for Incom...

In recent years, a significant oversight has been observed among taxpayers whose total income exceeds Rs 50 lakhs. ...

File Income tax Return (ITR) with Form 16

15 Jun, 2024

File Income tax Return (ITR) with Form 16

With the end of the financial year, the tax season kicks in, and it's crucial to ensure you're prepared. One of the key...

Filing Income Tax Returns for Financial Year 2023-24: A Comprehensive Guide for Salaried Individuals

13 Jun, 2024

Filing Income Tax Returns for Financial Ye...

As the financial year 2023-24 draws to a close, salaried individuals across India are gearing up for the annual ritual ...

10 Important Points for Salaried Individuals Filing ITR for FY 2023-24 (AY 2024-25)

13 Jun, 2024

10 Important Points for Salaried Individua...

Filing income tax returns (ITR) is an annual obligation for salaried individuals in India. It not only ensures complian...

Importance of Filing Income Tax Returns for FY 2023-24 (AY 2024-25)

13 Jun, 2024

Importance of Filing Income Tax Returns fo...

Filing income tax returns (ITR) is a crucial financial responsibility for individuals and entities earning income in In...

Income Tax on Listed and Unlisted Bonus Shares

13 Jun, 2024

Income Tax on Listed and Unlisted Bonus Sh...

Bonus shares, a popular way for companies to reward their shareholders, are additional shares given without any extra c...

House Rent Allowance (HRA) and Its Income Tax Provisions: A Complete Guide

26 May, 2024

House Rent Allowance (HRA) and Its Income ...

House Rent Allowance (HRA) is a crucial component of the salary package for many employees, especially those residi...

Income Tax Provisions on Interest on Savings and Fixed Deposits

26 May, 2024

Income Tax Provisions on Interest on Savin...

Introduction Interest earned from savings and fixed deposits is a significant source of income for many individu...

Components of Salary

26 May, 2024

Components of Salary

The components of salary in industries are diverse, ranging from base pay and bonuses to benefits, incentives, allowanc...

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