April is the month when your employer asks you to choose between the old and new tax regime for TDS on salary for FY 2025-26.

Taxpayers claiming HRA exemptions but failing to deposit TDS on rent are receiving Income Tax Department notices. Under ...

HRA is a component of salary provided by employers to employees to help cover rental expenses. Employees can claim HRA ...

Many seniors mistakenly believe they need not file returns if tax is deducted at source (TDS) on income received. This is not right. Full disclosure is vital to prevent further examination by tax ...

As per revised TDS rules, TDS exemption amount on FD interest has been increased to Rs 50,000 for individuals, and Rs ...

Partnership firms face a new reality as they are now required to calculate TDS on payments to partners exceeding ₹20,000.

ITO, the primary issue before the Income Tax Appellate Tribunal (ITAT) Mumbai was whether payments made by the assessee towards alternate accommodation and hardship compensation to tenants during a ...

CBDT exempts individual taxpayers from TDS on NSS withdrawals via latest notification, easing tax compliance and improving ...

Under the income tax law, a tenant who is living in a property and paying a rent of Rs 50,000 for it, he must deduct TDS of 2 ...

The tax department is sending notices to salaried taxpayers who claimed HRA but didn’t deduct TDS on rent above ₹50,000. With a 31 March deadline to amend returns, tenants could face penalties if they ...