T department has officially released simplified Income Tax Return (ITR) forms 1 and 4 for the assessment year (AY) 2025-26.

As taxpayers get ready to file their returns, it is crucial to understand the key sections of the Income Tax Act, 1961, that ...

The Central Board of Direct Taxes is updating income tax return forms. This aims to address income underreporting. The new ...

As part of ongoing reforms, Form 16 is being enhanced to offer greater transparency. The revised version will now offer ...

From new disclosures related to deductions and the new tax regime to improved clarity in reporting income sources, these ...

Form 16 is a key document for salaried individuals, summarising income and TDS, simplifying ITR filing, and serving as proof ...

Form 16 is a certificate that an employer gives to an employee, which shows how much salary he earned and how much tax they ...

As the new financial year began on April 1, many of you might be gearing up to file their Income Tax Returns (ITR) for the ...

Expanded Eligibility for Simplified ITR Forms For AY 2025–26 ... If an employee is claiming exemption for House Rent Allowance (HRA) under section 10(13A), he is not allowed to claim deduction ...

Those who are opting for the new tax regime while filing their income tax return must note that the HRA exemption is not allowed in the new tax regime. So, to be able to claim HRA allowance ...