How to Calculate Taxable Income on Salary?
Every year, you may witness many people filing Income Tax Returns (ITR) on their taxable income in India.…
Form 16A (TDS Certificate): Things You Need to Know
Form 16A is important because it helps you calculate your taxes correctly and file your income tax returns…
7th Pay Matrix: New Updates and Benefits for Central Government Employees
The 7th Pay Matrix, implemented by the Indian government, is a comprehensive and standardized pay structure that plays…
How to Effectively Declare Housing Loan Interest in Your ITR
Owning a house is a dream for many individuals, and with the availability of housing loans, this dream…
ITR U – What is ITR-U & How to file Updated Return under section 139(8A)
Filing income tax returns (ITR) is an essential responsibility for every taxpayer. It helps individuals and entities fulfill…
Deductions You Can No Longer Claim: Exploring the New Tax Regime
Tax laws are constantly evolving, and it is crucial for individuals and businesses to stay updated with the…
What’s HRA Exemption? Let’s Understand This Component
House Rent Allowance (HRA) is a part of your salary that helps cover your rental expenses. It’s a…
Can You Pay Your Income Tax Online with Challan 280?
Table of Contents What is Challan 280? Challan 280 is an instrument for taxpayers in India, facilitating the…
CTC, Gross Salary & Net Salary- Meaning & Difference Between These Salary Components
Whether you are a newbie to the corporate world or have been here for years, your confusion about…
What is Section 195 of the Income Tax Act, TDS on NRI
Section 195 of the Income Tax Act pertains to the deduction of tax at source (TDS) on payments…