"Rent received from family members must be disclosed in the house property section (Schedule HP) of the tax return, which ...

Taxpayers contemplating hiking rent paid to parents to maximise tax benefits need to be cognisant of the fact that ...

Discover five crucial income tax provisions every Indian taxpayer should know in FY 2025-26, including deductions under ...

The start of the financial year means informing your employer about the preferred tax regime. Many individuals are confused about whether HRA can help them save tax in the new tax regime, whether HRA ...

Not all tax-saving allowances are created equal. Some more than others can provide substantial tax benefits, significantly impacting your take-home salary and tax outgo. Mint helps you understand ...

To ensure a smooth and error-free ITR filing process, it's essential to keep all the necessary documents handy beforehand.

The delay in notifying the ITR forms and releasing their utilities for AY 2025-26, despite no major structural amendments in ...

HRA is a component of salary provided by employers to employees ... providing necessary documents such as rent receipts, Form 16C, and Form 26QC. Deduct and deposit TDS on time if your rent exceeds Rs ...