Income Tax Doubts - India

Hi guys. I want to withdraw my PF amount from Epfo

I have completed 5 years of work experience and wish to withdraw the maximum permissible amount while being in service.

Can you please tell me how mu… more

Is there anyone yet to recieve an income tax refund?

Anyone did political party donations and got notices and summons ?

Clarification on Interest u/s 234c being charged

I am a salary professional / individual.

I am trying to file an online ITR 2 for current AY. I have paid the entire tax (FY 24-25) through my employer.

I am eligible … more

How much should be the salary of a java developer in a good paying startup like Zomato, Swiggy, Zepto, etc? 🤔
YOE 4

Hi can anyone help, I had received a outstanding demand from income tax department. I responded to demand that demand is correct and paid the demand amount. When i check in outstanding demand it is no… more

I currently have a CTC of 34 LPA(28 Fixed + 3 variable + 3 stocks) and have been paying taxes for the last 3 years. Next to next month my CTC is going to be around 48 LPA since I got promoted and offer letter which is going to be … more

Hi All,

Need guidance on how to save taxes on 45 LPA salary. Fed up with the taxes I am paying and zero return that I get.
Also I was surprised that if one goes from 50 LPA to 1 cr salary then also th… more

Can i claim deduction for SIP(Not elss) under 80C? What If I don't declare at the work place. And directly avail the claim while filing return.Because while filing it will not ask for proof. What … more

Which one is a better option? Claim of hospital bills or Donation(80G).

My friend has 9 lakh ctc and 47k TDS deducted.
If he file tax without receipts for all deductions upto 2,20,000 and claim the refund 47k then any IT dept check and ask for documents for tax deductions

Hi, can anybody help me regarding tax and tax filing questions that i have?

While filling ITR I am claiming HRA, 80c and 80d full capacity as it is not asking for any receipt or proofs. Also I have been doing this for the last 3-4 years. Also My freinds do the same from last 3 years. The… more

ITR - HRA query.
Can I update the pre-filled HRA amount while filing tax using old scheme, as l'm eligible for more HRA, but sent rent recipts of less amount and hence a lower number on Form-16. Has anyo… more

Hi fished, I joined last year in June, for AY 2024-25, my total income is showing 650450 which is less than 7 lpa, so tax showing 0 in new tax regime. It's my first time so I tried to fill itr eve… more

Hi Everyone.
I want to withdraw my PF amount to pay off my education loan.
Currently I have 3.75 lakh(employee+employer share) as PF.
I have submitted 3.36 lakh as advance pf withdrawal on 21 April with reason 'Construction of house'.more

How much time it takes to get refund after filing Rectification?
I submitted my Rectification in November 2023!

If I pay 2lakhs on home loan interest how much can I expect in the tax filing returns?

Is it fine to donate in political party to save taxes?

I got 16 lpa CTC with WFH & I am living at my in-laws place at Tier3 city so can I create one rent agreement with them and transfer monthly rent online of around 60% of my monthly basic pay(65766×60%= around… more

Hi Everyone,

My package is 9.15LPA, and from previous month's 11k income tax has been deducted, I have 0 knowledge on this?

What should I do so that it stops getting deducted.?Infosys Tata Consultan… more

Hi all,

For tax saving purpose I am planning to invest in ELSS mutual fund. Please suggest me the best ELSS fund.

Thanks in advance

If a father wants to deposit 40 lakhs rupees to his daughter's account (joint account second holder is her husband) as a gift, will it cost an income tax to the daughter or her husband?
Daughter is not a… more

Hi Fishes. I hope everyone is safe and healthy. I have an offer from a company operating outside India and it is a complete remote opportunity. They hire globally without any geographical restrictions. They are o… more

Hello fishes, how much cash can be deposited in one's account if person is not earning anything without getting questioned by income tax department?

Question - what would happen during ITR filing if I had 2 Form 16s where both forms had different tax regimes selected.(New and then Old)
Few points -
1. The old company had given a salary of total 3 L till t… more

Hi Guys,

I filed my return on 22nd July and still it is showing status ' Return Processing ' . Any idea ?

While submitting tax it's showing my investment as low to achieve 100% tax save I have to increase investment in sip can I increase my investment on paper and submit while filling ITR my CTC is 8.… more

I got 1.75 lakh bonus in Jan 2023 from Wipro. Left the organization in April and returned the bonus in June 2023.
Wipro provided me Bonus Recovery Letter can i use it to file ITR AF2023-24 ??

Hi Guys 👋🏻
Has anyone withdrawn 90-75% of PF amount while being in service?
If yes, can you please tell me which category(reason) did you choose?
I want to withdraw 90% of my PF balance once I complete 5 years ser… more

Hi Fishes,
If I leave a company by Oct 2022 which pays me leave encashment on the same month.I joined another company and can I still claim exemption for that amount by 10(10AA)?
Thanks in advance for y… more

I do see ITR is processed for no refund cases in the last one week. Anyone here got mail that ITR processed with some refund?

I fall under the 30% income tax bracket and my taxes have been deducted close to 5.5L. I have used all 80c, 80D, 80CCD etc. Is there anyone who can help me with the maximum possible tax refund?

My tax is filed by a friend from my account. How do I check what all deductions did he apply for?

Hi Fishes,

In FY22-23 I switched from 1 company to another now I have 2 Form16 files issued. In both 50k standard deductions is considered.

1. Can individual have single stand deductions or can have more to be considered wen he/she switc… more