There’s been a surge in income tax notices. Here’s why, and how to respond.

There's been a surge in income tax notices. Here's why, and how to respond.

There has been a marked increase in the number of income tax notices issued to taxpayers across India in recent months. These communications – on everything from defective returns to demands for additional taxes – have caused anxiety and confusion, especially among individual taxpayers.  This article delves deeper into the reasons behind the increase in … Read more

Will switching to a consultant role at ₹1 crore salary save you tax? Depends on your expenses

Will switching to a consultant role at ₹1 crore salary save you tax? Depends on your expenses

The employee can save some tax by opting for the old regime if he can make tax-saving investments and has expenses of at least ₹4.84 lakh. Now, only ₹1.5 lakh worth of investments are allowed as tax deductions, while ₹3.35 lakh or more has to come from expenses like home loans, house rent allowance and … Read more