Since there was no standard format required by salaried employees to disclose their investment details to their employers, each employer had to submit proof for each investment made in the year. The ...

Employees will now be required to submit evidences/particulars of tax savings to employers in form 12BB. Ahmedabad: Employees will now be required to submit evidences/particulars of tax savings to ...

Effective June 1, all employees will have to fill in a new form 12BB issued by the central board of direct taxes in order to claim a tax deduction on LTA (Leave Travel Allowance), HRA (House Rent ...

While diligent paperwork helps claim tax benefits, with employers under pressure from the government, any lapse in documentation by an employee will lead to sharp cuts in salary, warns Vikas Kumar ...

ITR: With the onset of the new financial year 2025-26, salaried employees in India shift their focus to claiming tax benefits on their loans. Among this, the home loan interest payment saves them a ...

Important Year-End Tax Strategies The financial year ends in March, but December 31 is a critical tax-planning checkpoint. Many tax-saving actions must be planned early to avoid last-minute rush and ...

NEW DELHI: The income tax department has come out with a standard Form 12BB for salaried taxpayers to claim tax deduction on leave travel allowance concession (LTALTC), house rent allowance (HRA) and ...

PAN and Aadhaar can be linked now with a penalty of Rs 1000. Income Tax Return Filing Latest Update: Apart from PAN-Aadhaar linking, the deadline for several other financial tasks will end in next 10 ...

If you carefully plan your investments, you can make optimum utilisation of all tax-saving opportunities available to you. The best time to plan your taxes is the beginning of the financial year. The ...