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How to show HRA not accounted by the employer in ITR
If your HRA has not been accounted in Form 16, you can still claim it by using the calculation of…
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Claim HRA while living with parents
Saayam works in a private company in Delhi. His company provides him with house rent allowance orHRA. But he lives with his parents instead. Can…
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HRA increased from 24,000 to 60,000 under section 80GG
“I propose to increase the limit of deduction of rent paid under 80 GG from Rs 24,000 per annum to…
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Income Tax for AY 2016-17 or FY 2015-16
This article talks about Income Tax Return for AY 2016-17 or FY 2015-16. This article talks about Tax slabs for Financial…
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Income Tax Proof Submission to the Employer
“Please submit your investment declarations by 15 Dec…” said the mail from Finance Department. During December or January, employers start…
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Tax Exempt Allowances in Salary Schedule S in ITR2
The ITR-2 form for AY 2014-15 requires taxpayers to give a detailed break-up of tax-exempt allowance in schedule S. Schedule…
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Salary, Net Salary, Gross Salary, Cost to Company: What is the difference
You got a 10 lakh package and you calculated your salary as 10,00,000 divided by 12 is 83,333.33, but you…
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