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Reimbursements are generally tax-free where they represent repayment of expenses incurred wholly and exclusively for official duties,

Work-from-home reimbursements: Which payments remain tax-free and which don’t?

As remote and hybrid work arrangements become increasingly common, many employers may provide financial support to employees through Work from…

July 23, 2026 17:43 IST

From your filed ITR and Form 16 to bank statements and property papers, these documents serve as proof of the information you reported in your return.

Don’t discard these ITR documents for 6 years after filing, warn tax experts

Throwing away old tax records too soon can create real problems if you later receive a notice, need to file…

July 23, 2026 14:38 IST

Whether the shares are issued by an Indian employer or a foreign parent company, taxation generally takes place in two stages.

Sold company shares received from your employer? Here’s what to report in your ITR

Understanding the distinction between salary taxation, capital gains taxation and foreign asset reporting, while maintaining proper documentation and reconciling disclosures…

July 21, 2026 16:35 IST

While the Union Budget generally receives greater attention, it is the notified ITR forms that ultimately determine the information taxpayers are required to furnish.

Claiming 80G deduction? Here’s the new ITR disclosure requirement for taxpayers

Where a taxpayer claims deduction under Section 80G, the prescribed reporting particulars should be completed accurately.

July 8, 2026 20:38 IST

The withdrawal of certain exemptions and deductions under the new regime could significantly alter the overall tax outgo.

Planning to move from the old tax regime to the new? Check these 10 salary components first

Taxpayers with relatively straightforward salary structures, minimal tax-saving investments, no housing loan, no HRA claim and limited deductions may generally…

July 6, 2026 19:17 IST

During review, the Income Tax Department may compare the deduction claimed in the return with the pre-filled data, employer records, bank statements, investment proofs, and other reporting sources.

ITR filing: The most common tax deduction claims that fail during income tax scrutiny

Avoid income tax scrutiny by claiming only eligible deductions backed by valid documents. Check which ITR claims are most frequently…

July 3, 2026 17:23 IST

Importantly, the receipt of a notice should not automatically be interpreted as an allegation of tax evasion. In many cases, it merely reflects a mismatch that requires clarification or correction.

Got a tax notice despite paying TDS? Here is what triggered it and what to do next

With increasing digital integration across government databases, preventive reconciliation before filing the return has become considerably more important than post-filing…

July 2, 2026 22:43 IST

Every day, you pay several other taxes while shopping, buying fuel, paying insurance premiums, investing, or purchasing a home.

Beyond income tax: The hidden taxes draining your salary and investment returns

Financial planning should not stop at income-tax planning. Individuals should evaluate major spending, investment, and wealth creation decisions through a…

June 30, 2026 18:41 IST

If an employee has worked for two employers during the same financial year, salary income from both employers must be combined and reported in the ITR.

Worked for two employers last year? This common ITR mistake could trigger a tax notice

Deductions and exemptions should be claimed only once for the full year, not separately with each employer.

June 24, 2026 16:10 IST

ITR filing AY 2026-27: How salaried individuals can file returns without a CA?

A smooth ITR filing experience begins with preparation. Taxpayers should ensure these things and keep certain documents and information handy,…

June 23, 2026 19:04 IST

AIS and Form 26AS serve as important reconciliation tools before filing the return. While Form 26AS contains details of taxes deducted or collected, AIS provides a broader summary of financial transactions and income reported by various entities.

ITR filing: 10 incomes that may not appear in Form 16 but must be reported in your tax return

Before filing ITR for AY 2026-27, taxpayers should reconcile Form 16 with Form 26AS and the Annual Information Statement (AIS).…

June 18, 2026 13:12 IST

Ignoring the mismatch can result in reduced TDS credit, leading to additional tax liability, interest, or notices from the tax department. It could also delay refunds and trigger scrutiny in some cases.

ITR filing: What happens if Form 16 and Form 26AS show different TDS figures?

Taxpayers should rely primarily on Form 26AS and AIS, as these reflect TDS entries reported and processed by the tax…

June 17, 2026 16:43 IST

Salaried employees may consider revisiting their tax regime selection after receiving Form 16, particularly where the actual tax position differs from assumptions made earlier in the financial year.

Income tax guide: How deductions, exemptions, and rebates work under old and new tax regimes?

For taxpayers eligible to choose between the old and new tax regimes, receipt of Form 16 presents an opportunity to…

June 15, 2026 19:21 IST

The taxpayer should keep investment proof handy with them before claiming in the ITR instead of relying on the pre-filled data to avoid scrutiny.

ITR filing AY 2026-27: 10 things taxpayers should cross-check in the pre-filled ITR

Hence, here are the 10 entries that taxpayers must cross-check in their pre-filed ITR forms to avoid mismatches and potential…

June 11, 2026 18:03 IST

AIS plays a central role in the scrutiny process and must be carefully reconciled before filing the return. It contains details of EPF withdrawals, interest income, and employer contributions.

ITR filing 2026: 5 EPF transactions that could trigger income tax scrutiny

If a taxpayer withdraws EPF before completing 5 years of continuous service, especially while changing jobs instead of transferring the…

June 10, 2026 16:57 IST

If LTA is not claimed in a block of four years, one journey can be carried forward to the next block.

ITR filing 2026: How HRA, LTA, and other salary perks can help employees save up to Rs 2 lakh in tax?

Failure to provide proper documents to the employer results in a higher deduction of tax, and claim of HRA not…

June 9, 2026 20:10 IST

Taxpayers should not evaluate taxability merely based on the Rs. 12 lakh threshold but should also assess the nature and composition of income to determine actual eligibility for tax relief.

No tax relief despite income below Rs 12 lakh? Here’s why some taxpayers still pay tax

While the new tax regime provides rebate benefits effectively resulting in nil tax liability for resident individuals having taxable income…

June 9, 2026 17:06 IST

Why filing income tax return is about more than taxes

Your ITR is not just a tax document: 5 ways it can help your finances

Many taxpayers think filing an ITR is necessary only when taxes are payable. Experts say that is a costly misconception.…

June 4, 2026 18:28 IST

Income Tax for Salaried Person

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