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Taxation of Salary Income as per Income Tax Act, 2025
#IncomeTax #SalaryIncome #TaxSeason #Taxation #TaxReturn #TaxRefund #TaxPlanning #TaxTips #TaxTime #TaxPreparation #SalaryTax #Payroll #PayrollTax #TaxableIncome #TaxDeductions #TaxExemption #WithholdingTax #TDSReturn #Form16 #ITReturn #TaxPreparer #TaxProfessional #TaxConsultant #TaxAdvisor #CPA #Accountant #Bookkeeping #TaxPro #PersonalFinance #FinancialPlanning #MoneyMatters #TaxHelp #TaxServices #IRS #TaxCompliance #IncomeTaxIndia #ITDepartment #NewTaxRegime #OldTaxRegime
Gen Fintax
Apr 121 min read
Genfintax
Feb 240 min read
Whether an employee can claim credit for TDS even if the employer has not deposited it with the government ?
This common dilemma, where Tax Deducted at Source (TDS) appears in Form 16 and salary payslips but not in Form 26AS or the Annual...
Gen Fintax
Jul 16, 20259 min read
Expatriate Taxation - Book
Kindly click below to download E- book
Gen Fintax
Jul 10, 20251 min read
New Rules for claiming deductions (under old regime) while filing Income Tax Return
#IncomeTax #ITR2025 #TaxFiling #ITRDeductions #OldRegime #Section80C #Section80D #Section80E #Section80EE #Section80EEA #Section80EEB...
Gen Fintax
May 31, 20251 min read
Dispute Resolution Committee (DRC)
The e-Dispute Resolution Scheme 2022 was introduced to facilitate the disposal of dispute resolution applications filed by assessees....
Gen Fintax
May 25, 20255 min read
Taxation of Share-Based Long-Term Incentive Plans (LTIPs) in India
In the competitive global business environment, share-based compensation has emerged as a powerful tool to retain and motivate employees....
Gen Fintax
May 18, 20254 min read
ITAT Ruling: No Need to Re-file Form 10-IE Every Year!
🧑⚖️ Case Summary & Legal Issue Facts: Section 115BAC allows individuals and HUFs to pay tax at concessional rates without availing...
Gen Fintax
May 16, 20252 min read
Taxation of Life Insurance Policies (Other than ULIP and Keyman Policies)
Introduction: Life insurance is often seen as a dual-purpose financial tool: it provides protection for your family and offers various...
Gen Fintax
May 16, 20253 min read
Taxation of Income from REITs in India
REITs are SEBI-regulated investment instruments that pool capital from investors to own and operate income-generating real estate....
Gen Fintax
May 14, 20252 min read
Clarity for NRIs: Mumbai ITAT's Decision on Mutual Fund Gains
In a recent Mumbai ITAT decision ( Anushka Sanjay Shah v. ITO ), the Tribunal provided welcome clarity for Non-Resident Indians (NRIs) ...
Gen Fintax
May 3, 20252 min read
Taxability of Fixed Deposit Interest
Taxability of FD Interest: Interest income earned through FD is fully taxable under income from other sources TDS Threshold Limits on FD...
Gen Fintax
Apr 16, 20252 min read
Updated TDS Rates Effective from 01 April 2025 (FY 2025-26): Key Changes & Threshold Limits
Several changes to TDS provisions have been introduced in the Finance Act (No. 2) and the Finance Act, 2025, leading to significant...
Gen Fintax
Mar 17, 20255 min read
NRI Taxation - Part 1 -Determination of Residential status of NRI
An NRI's income tax in India depends on their residential status for the year. If you are classified as a resident, your global income is...
Gen Fintax
Jul 1, 20242 min read
How to compute Income from House Property ?
Income chargeable to tax under the head “Income from house property” in the case of a let-out property is computed in the following...
Gen Fintax
Mar 18, 20232 min read
Allowable Deductions for Computing Income from Let-Out Property & Self-Occupied Property
This article explains the deductions that can be claimed while computing the income chargeable to tax under the head "Income from house...
Gen Fintax
Mar 18, 20233 min read
Under which head rental from building is taxable ?
Under the Income Tax Act, rental income received by a taxpayer from a property that includes a building or land appurtenant to the...
Gen Fintax
Mar 18, 20232 min read
"Tax Implications of Composite Rent"
Composite rent refers to the rent received by a property owner not only for the building itself but also for other assets or services...
Gen Fintax
Mar 18, 20232 min read
Tax Implications of Deemed Ownership: Income from House Property Not Registered in Your Name
In certain situations, even if a property is not registered in your name, you may be liable to pay income tax on the rental income earned...
Gen Fintax
Mar 18, 20232 min read
ESI Applicability, Requirement, Contribution, Benefits, Claiming procedure and taxability ?
Introduction: The Employees' State Insurance (ESI) is a self-financing social security and health insurance scheme for Indian workers....
Gen Fintax
Mar 18, 20232 min read
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