India Tax

Hi Guys,
Need your advice. I have forgot to enter challan details while filing tax and then e-verified then it return with pay later option, though i had paid the income tax first first hand via pay now option.
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If my parents live in a government provided house and I live with them (wfh), how can I plan my HRA exemption?

Hi all
Can some please help me !!
I have already paid self assessed tax but in income tax website its not updated and money also debited from bank
What should i do now

In case anyone needs help with their Tax returns, please feel free to DM me.

I am working from EU since last year (internal transfer from India), also doing freelancing for an another startup since last 2 years and the payment is going to Indian account.
My employer assigned a tax … more

Hello people,

Need some inputs!

When I file my ITR, it is auto-populating the 'income from other sources' by 40k and increasing my tax liability by 10k however form 26as shows no tax liability.

Should I edit… more

For rent paid below 1 lakh there is no need to submit landlord's PAN. I have calculated based on my HRA and if I show rent paid as around 96k my tax refund will be around 13k.

However there is no rent agreeme… more

I have gains from stocks.. as LTCG. Do I need to file ITR 1 or ITR 2?

Anyone opted for NPS Employer contribution, is it good for tax saving? Is there any maximum limit to it? Does employer really pay it or deduct it from our CTC only?
Please help.

Hi Fishes,
I started my job in 2020. I haven't fill ITR till now. My CTC is below 5LPA.

1. Can we fill the ITR for previous years? If yes then...Will it cause any issue?
2. What would happen if I start filling I… more

Hi,

Can I pay full hra amount as rent to my parents to get hra exemption benefits.

HRA: 5 lakh

Hi,

I just want to know a fact , upto which ctc can be adjusted to minimal tax deduction under new slab?
Like 15lpa ,20lpa

My CTC will be
Basic 13LPA
FB 7 LPA
Total fix pay - 20 LPA

80c - 1.5 LPA
HRA 3 LPA

Any one please help mi on which tax method will be sutable for me old or new?

Can we show unequal rent split up between husband & wife for HRA?
Let's say we pay 20k in rent. I want to show that I pay 15k and wife can show 5k. Is this sort of break up possible without exp… more

Can we pay rent to our parent?
What if my parents are in other city and I am living @ my company's location which are 700km away from each other. Can I still show that I am paying rent to my parent?
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How much tax will be deducted on 18lpa fixed salary (1746800 in hand after epf deduction)? Even after investing 1.5 lacs in 80c.

Hi Fishes,
Here is a tax question bothering.
My friend is an IT employee and his income is around 7lakh per annum. He is borrowing around 80K per month from his parents and investing it in RD for 9 months as he nee… more

I have created NPS account through SBI YONO app. PRAN is generated and I received my contribution copy as well through mail.
But when I try to login using my PRAN number it says invalid.
Can anyone ple… more

Hi,

Where to invest to reduce the taxable income of 8 lakhs after investing 1.5 lakhs under 80c and HRA 1 lakhs ? Medical insurance 50 k I’m aware of it and I don not plan on any house loan. Please sug… more

Anyone here working in M&A tax? need a referral.

I'm a recently qualified CA (first attempt)

Hi Folks, how much max amount we can retain back after 80c tax claims on income taxable amount. Any idea? Is it varies based on package? What is the percentage ?

My ctc shows 10lpa + 20lac esops. But I'm not sure if I'll get this 20lac stocks for free or do i need to buy them by paying? Distribution is 4lac per year for 4 years. Pls explain.

My company has asked for investments proofs. Jts feb only and i have upcomming mutual funds sip also. How can i show these upcomming sip investments ?

I selected new tax regime in the company 'xyz' portal for April 2021-March 2022. I left this company in jan 2022 and tax of 16k got deducted from F&F settlement.

I have investment in EPF and submitted … more

Hi team ,

I have started working from jul2019 and I have filed my tax return for 2020 and 2021 tax years.


However I note that there was withholding of some amount in 2017-2018 and 2019 tax years ( withholding from comission re… more

Hi Everyone,

I just need some advice.
My father passed away a few months back and I am yet to obtain the legal heir certificate. Given the ITR deadline is near, should I just file his ITR from his account or is th… more

Do you submit fake rental receipts and owner pan card detail for HRA? Is it normal ? I see most people does in my team. They submit parents or spouse pan card number as owner pan card number to get HR… more

Please let me know how to claim (whats bills needs to be submitted) exemptions for Special Allowances.

I want to know which tax slab can be appropriate for a 10lpa and what are the way I can manage to reduce my tax computation.
I have been to this tax slab for the first time don't have. any knowledge.
can one of… more

How to bring tax liability to zero for 15 lpa ctc?
Can I claim hra for less than one lakh per FY and Maximum housing loan benefits?

The rental place and property under loan are in same city.. Parents st… more

Could anyone please tell about NPS CCD(2) ? Is it paid by employer? What needs to be done in this?

Does your organization make you feel like your work is only a support function to their more profitable businesses?

Feeling very much relieved due to extensions. Finally some peace to myself!!

Anyone there?