Come January, it is time to claim your annual reimbursements such as medical and leave travel allowance (LTA). It cannot be claimed while filing Income Tax Return or ITR. This article talks about How to Claim LTA? How is LTA shown in Form 16 and in ITR? It also gives an overview of ...
But if for some reason you could not submit Rent Receipts or employer did not consider it , you can claim it while filing ITR. When HRA is not accounted by employer, more TDS is deducted from salary. It may happen that may be eligible for refund if net tax paid is more due from you...
“How Income Tax is Calculated on Salary?”– Navigating the labyrinth of income tax calculation in India, particularly for salaried individuals, can be akin to solving a complex puzzle. Fear not, for it’s a crucial puzzle to unravel in the realm of personal finance. Income Tax Calculator s...
6. LTA & Medical Reimbursement can be claimed only by submitting relevant proofs to your employer.You cannot claim these tax benefits while filing tax returns. 7. Other than the above you can claim all tax benefits while filing your tax returns, soif there is a dispute with employer for cer...
I am staying nearby office for rent. While submitting revised return I am unable to fill let out as zero value. But it was accepted during the first filing. Please help. Should I put self occupied or can I put a minimum value as 1000 RS ...