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Deductions for Salaried Employees in Income Tax in 2025
In the financial year 2025-26 (Assessment Year 2026-27), salaried employees in India have access to several key deductions under the...

Rajesh Kumar Kar
Apr 24, 202513 min read
Stipend for CA Articleship: An Overview
A student pursuing a career as a chartered accountant (CA) must complete the CA Articleship. A candidate must complete two years of CA...

Nimisha Panda
Apr 2, 20258 min read
ITR U for Missed HRA and LTA Claims: How to Correct Your ITR
Many taxpayers fail to claim House Rent Allowance (HRA) and Leave Travel Allowance (LTA) while filing their Income Tax Return (ITR), resulting in higher taxable income and unnecessary tax payments. If you have missed claiming these exemptions, you can correct your return by filing ITR U under Section 139(8A) of the Income Tax Act, 1961. ITR U allows taxpayers to update their ITR within 24 months from the end of the relevant assessment year. This provides a valuable opportunit

Rajesh Kumar Kar
Feb 25, 20257 min read


Can I claim LTA while filing ITR?
When it comes to tax savings, many salaried employees focus on deductions under Section 80C or HRA (House Rent Allowance) . However, one...

Rajesh Kumar Kar
Feb 25, 20257 min read
ITR Filing and Deductions: Maximizing Tax Savings for FY 2024-25
Filing income tax returns (ITR) is an essential responsibility for every taxpayer in India. It ensures compliance with tax regulations...

Rajesh Kumar Kar
Feb 24, 20256 min read


LTA in New Tax Regime: Eligibility, Exemption Rules & FAQs
Leave Travel Allowance (LTA) is a tax benefit available to salaried employees. It allows them to claim exemptions on travel expenses...

Nimisha Panda
Feb 12, 20258 min read
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