why don't you start investing from April? Any reason to invest only in jan to march ?

Cuz financial year ends in March? Shouldn't all investments for that year be made till March?

you can. Any specific reason to do in jan-March? 
  
 Any benefits doing in such way ? Just to learn about that

Product Manager

Yeah, but I will say if your are thinking of ELSS do a SIP. 
  
 Makes you disciplined and consistent investor, will help in long term and you don't have to worry of these things too.

Agree, don’t do ELSS only for tax saving purposes, it is a good investment avenue to do an SIP

Finance Consultant

If it is a scheduled investment, then some HR teams will allow if you show them last year investment and prove that same amount will be invested this year also. If this is not possible then you can claim refund at the time of filing returns

Or else what you can do is change your regime to new regime during ITR filing. 
 It will give you refund of the excess TDS collected by your company

Not an option since I already have enough investment proofs to reduce tax considerably using the old regime

Software Developer

my new company is asking for investment proofs for tax now only, I'm yet to invest in elss. If I don't provide the proofs I'll be paying more tax but I invest in elss in between Jan to Mar, I can s...

Welcome to Personal Finance's Private Community

my new company is asking for investment proofs for tax now only, I'm yet to invest in elss. If I don't provide the proofs I'll be paying more tax but I invest in elss in between Jan to Mar, I can show this while filing and claim a refund right? please help here.

will I get itr refund?

will I get itr refund?- Grapevine

Welcome to IT Company Discussion's Private Community

Off topic

Last year(23-24 financial year) Total Tax deduction was 60k. My total investment in 80C(PPF and ELSS) 48500 and in 80D -16000. So how much return I can expect after filing tax. 

Tax regime- Old

I am new into this, so it may sound a foolish question but I want clear my concepts on Taxes.

Tax Refund

Software Engineer

Heard on app people getting notices
Any info on this? Is it also for <1 lakh claims

Notice on HRA claims?

Analyst

I have selected old tax regime and I have declared around 1.80 Lacs of investment. Now my tax is not getting deducted in monthly salary but from the declaration I am not actually doing any investment. How should I resolve this issue.

Please guide if someone know this!

Tax Exemption

I got salary of 250000 in April which includes bonus + leave encashment around 90k, for which there was a 50k income tax cut for this month. HR said since bonus was more, they had to deduct 50k. Is this how it is usually done? Is that amount justified?

Income tax cut for bonus

Growth Manager

CA here. In case anybody has any query regarding Income-tax return filing, can comment below. Will try to help you out as much as possible.

Income- tax Return

It was a mistake that I selected the new regime thinking that it would be easy to switch back to old one during ITR Filing, but now I do not have proofs such as the premium amount paid (for parental and self insurance taken from company), sodexo vouchers received, since nothing is mentioned in the Form 16. Is my salary slip enough for showing as proof if I receive a notice, or is it necessary to have separate receipts for these deductions that I will be claiming? Anyone else in a similar condition as I am, please share your experience.

ITR Filing hassles

Consultant

I had taken up a 5 year tax saver FD in previous financial year. Due to some weird reason, my company had rejected it and this investment under 80C does not reflect in Form 16. 
Now while filing ITR, should I add this amount of FD under 80C?

ITR1 help needed

Hi, experts 
I was filing itr, so needed help, I started my job from May 2022, but before that I did an internship where I got salary credited to my account , it was around 1500 for one month (March) for this assessment year and also they did deduct a tds of around 300 rupees which I can see on my itr home page . So should I include those amount in my gross income while filing tds ( I have only included my current gross salary) ?

Need help for ITR

Computer scientist

I paid 4.8L Tax and my CA somehow managed to get back 30k refund. Wanted to know if people here in similar bracket or higher .. Have managed get higher refund.
I chose old slab coz the greytHR portal said I’ll save more in that.
I don’t have a housing loan,
I have shown HRA , insurance and mutual funds

Refund from ITR ?

Welcome to Software Engineers's Private Community

I added a claim under Section -80DDB with all the documents like Prescription, Bill and Test Reports.
Still it got rejected  and it will be only approved when Form -10I is added as proof.
Is this form really required?
Ques.I have seen on many platforms that  this form is not required.
On official site -it said taxpayer should obtain a copy of 10-I issued by relevant specialist working in a Govt. Hospital.
Ques.Patient was treated in private hospital.why need a certificate from govt. Hospital

Investment proofs -Section 80DDB

So I had an organisation as an SDE2 and left it within 4 days as I got a better offer. I did not resign through official channels because I hadn't got access to them yet but I left a proper email trail.

Now come tax filing season, I see that the previous org has shown a salary payment to me for two months according to my Form26. This is when I hadn't even updated my bank account with them so I did not receive any salary.

What should I do next? Currently tax filing is on hold and I'll be doing a late filing with a penalty.

Tax dilemma

I run a small pvt. ltd. company where i accept my freelance payments, in my company's 26AS it shows there are some TDS that was deducted. My understanding is that this will be credited to my current account somewhere around now or march? Is this true/will i actually get that money, if yes by when? Please advice.

Will i get my TDS deductions return?

I will be filling ITR for the first time. How can I find a CA for the same. I’m in blr.

Where to find CA

Hey folks, if someone changes a company midway in the financial year, does it make sense to submit the financial details of your previous employment to your new employer? Asking because your deductions are taken into consideration separately in both the organisation if you don’t submit the details. There are 2 cases here
1. You submit, and fix your tax for the rest of the year
2. You don’t submit, save on the actual tax you’d have paid otherwise, and then pay during the ITR. That extra tax you saved, can earn you handsome money if you are in the 30% bracket 

What are the pros of the first approach and cons of the second approach?

Previous employment declaration while changing companies

Welcome to News Discussion's Private Community

My salary is 13.5lpa what are thing i can claim under new tax regime ? If not then how can i opt for refund for those tax amount ? Under which section can i claim?

I got to know that i paid extra tax as I made mistake while filing my investments / leave encashment 2 yrs back. Is there a provision to recover / claim for extra tax paid before? Kindly help me 🙂

Recover extra income tax paid 2 yrs back

Hey, I'm a fresh college passout working for a startup and I gotta do taxes now(how fun). 
The organization is making me choose between the old tax regime(2022) and the new tax regime(2023).

 My in hand is 9LPA. 

Which tax regime should I choose?

will I get itr refund?

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