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The latest industry news, interviews, and resources
HRA in Salary: A Comprehensive Overview
A portion of the HRA received is exempt from taxation, while the remaining portion is taxable income under the Income Tax Act of 1961....
Rashmita Choudhary
10 hours ago8 min read
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Penalty for Belated Return Under Section 234F: Last Date, Deadlines, and Key Considerations
Section 234F of the Income Tax Act, 1961, was introduced by the Finance Act, 2017, to promote the timely filing of income tax returns...
Nimisha Panda
14 hours ago8 min read
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Landlord’s PAN Mandatory for HRA Exemption: Understanding the Rule
When submitting a claim for House Rent Allowance as a tax benefit, the Indian government has mandated that PAN card information be...
Indrajeet Sharma
1 day ago6 min read
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Section 44ADA and Advance Tax: Tax Planning Tips for Freelancers and Professionals
For freelancers and professionals in India, managing taxes can be a daunting task, especially with fluctuating income and varying...
Rajesh Kumar Kar
1 day ago11 min read
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Types of Assessees in Income Tax
According to the Income Tax Act, an individual who must pay taxes or any amount of money to the government is an  income tax assessee ....
Rajesh Kumar Kar
1 day ago6 min read
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Section 80CCD(2) of the Income Tax
Accurate and timely income tax payments are essential to the nation's economic development. You must make your tax payments on time as an...
Asharam Swain
1 day ago6 min read
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Form 16 Eligibility Criteria: Who is Eligible & How to Use It for Tax Filing
Form 16 is a crucial document for salaried individuals in India, serving as a certificate issued by employers that summarizes the tax...
Nimisha Panda
2 days ago13 min read
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How is HRA calculated for tax exemption?
House Rent Allowance (HRA) is a crucial part of the salary structure for many employees, designed to ease the financial burden of rental...
Nimisha Panda
2 days ago13 min read
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Filing ITR-U for Missed Tax Returns: When and How to Use the Updated Return Option
Filing income tax returns accurately and on time is crucial for compliance with tax regulations. However, taxpayers often make errors or...
Nimisha Panda
2 days ago8 min read
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What is TIN Number in India?
The Commercial Tax Department assigns a Taxpayer Identification Number, or TIN, to people and companies registered under VAT to identify...
Indrajeet Sharma
2 days ago7 min read
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