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How to show HRA not accounted by the employer in ITR

Jul 16, 2016

If your HRA has not been accounted in Form 16, you can still claim it by using the calculation of HRA shown earlier. As the HRA was not claimed, taxable income would be more hence employer would have deducted tax on it. Now when you claim it in ITR you tax liability...

Fixed Deposit in Name of Wife: Clubbing,Tax,TDS, ITR,Refund

Jul 19, 2015

Often we have seen People opening Fixed Deposits in the Name of wife especially if the wife is home-make. He thinks that this would be reduce his total income and he will not have to pay tax on that. His wife can, in turn, invest the money in a bank fixed deposit and...

How to Fill ITR when you have multiple Form 16

Jul 2, 2014

When you change job in a financial year you need to make sure that the deductions and exemptions regarding tax liability are made only once.  In our article Changing Jobs and Tax, Form 12B We explained how basic exemption is accounted by two employers, the correct way...

Changing Jobs and Tax, Form 12B

Jun 29, 2014

People change jobs these days, unlike days of our parents when people joined companies and worked there till retirement. Changing jobs often leads to a situation where an individual gets tax exemptions twice from his earlier employer as well as from his new employer....
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