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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
6 days ago1 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
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
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
Taxability of Gratuity ?
Gratuity refers to the amount that an employer pays his employee, in return for services offered by him to the company. Gratuity shall be...
Gen Fintax
Feb 26, 20231 min read
Leave Travel Allowance - Exemption
Leave Travel Allowance (LTA) is a component of an employee's salary package that is meant to cover the cost of travel during their leave...
Gen Fintax
Feb 21, 20233 min read
Taxability of Housing Rent Allowance (HRA) in India.
Housing Rent Allowance (HRA) is a common component of salary structures in India, which is given by employers to their employees to help...
Gen Fintax
Feb 18, 20232 min read
Important Income Tax Changes in Finance Bill 2023
Budget 2023 was the interesting budget placed by the central government. Government has tried to provide benefits to all class of...
Gen Fintax
Feb 6, 20231 min read
How to calculate Capital Gain ?
Before calculating Capital gains following terms must be know: Sale Consideration - C onsideration received or to be received by the...
Gen Fintax
Feb 5, 20232 min read
Different components of salary on which tax is deducted by the employer
Every month, we receive our salary payslip and often wonder which component of salary tax is deducted and why? In response to this...
Gen Fintax
Jan 4, 20232 min read
Difference between Search and Survey - Income Tax raid
Often people get confused with the word search and survey so it becomes important to understand when search is conducted and when survey...
Gen Fintax
Aug 27, 20222 min read
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