After her graduation in philosophy and master's in mass communication, Reema Sharma waded into the field of journalism. She has extensively written on matters of personal finance ; conducted ...

AI Quick Read The new income tax framework is not just changing the rules of taxation; it is also reshaping the paperwork and documentation taxpayers deal with every year. Under the Income Tax Rules ...

Mumbai: Salaried taxpayers claiming House Rent Allowance (HRA) under the Income-Tax (I-T) Act, face tighter disclosure norms from April 1, 2026, with the introduction of a new declaration format: Form ...

As we approach FY 2026-27, the country stands at the cusp of one of the most significant overhauls of its income-tax framework in decades. With the introduction of the new Income-tax Act, 2025 and the ...

Form 124 under the Income tax Act 2025 is a declaration submitted by employees to their employer to claim deductions, exemptions, and allowances while computing taxable salary and TDS liability. It ...

House Rent Allowance (HRA) remains the biggest reason many salaried taxpayers continue to stay in the old tax regime, but from April 1, 2026, claiming HRA exemption may become more difficult due to ...

The Income Tax Department has introduced major changes to income-tax form numbering under the Income Tax Rules, 2026, replacing several widely used forms that were previously prescribed under the ...

The Central Board of Direct Taxes on March 20 notified rules under the Income Tax Act, 2025, effective April 1, 2026, introducing enhanced HRA benefits for salaried taxpayers while mandating ...