Income Tax Return Filing Due Date Extended for FY 2024-25 (AY 2025-26) to 15th September 2025 from 31st July 2025. The Income Tax Department has informed about ITR Filing due date extension on X (Formerly Known as Twitter). Income Tax Department has e...
Indian Army personnel receive various allowances such as High Risk Allowance, Siachen Allowance, High Altitude Allowance and so on along with basic salary. Dearness Allowance, House Rent Allowance and Military Service Pay. Additional benefits include tr...
Welcome to our detailed tutorial to the use of ITR forms! When it comes to completing your income tax return in India, you must select the appropriate form based on your income sources and other important information. Understanding the various ITR forms,...
Medical Insurance Premium plays a significant role on tax planning and financial planning. It would not be wondering that all taxpayers can claim a deduction of INR 1 Lac through Section 80D of the Income Tax Act, 1961....
In the labyrinth of tax-saving avenues, House Rent Allowance (HRA) stands out as a beacon of relief for salaried individuals. Under Section 10(13A) of the Income Tax Act, 1961, HRA offers significant deductions, provided certain conditions are met. Unders...
In the realm of tax-saving strategies, the Hindu Undivided Family (HUF) stands out as a lesser-known yet powerful tool. Often overlooked, an HUF offers a plethora of tax benefits that can significantly reduce your tax burden. This comprehensive guide will...
House Rent Allowance is a major portion of your salary. It is provided to the employees by an employer or company to enable them to bear the expenses incurred on house rent. The following are the conditions by which an employee’s HRA will not be taxed,...
In the realm of personal finance, saving bank accounts stand as fundamental instruments for individuals to park their savings securely while earning modest returns. Despite the rise of various investment avenues, saving bank accounts retain their signific...
The dream of owning a home is a significant milestone for many individuals and families worldwide. However, the financial aspect of purchasing a home can be daunting, often requiring substantial investment. Home loans, with their associated interest rates...
