Every citizen of India is supposed to pay income tax if their annual income comes under tax slab set by the government of India. Paying tax online is easy and and convenient.
Most salaried individuals get confused when it comes to claiming exemption on one’s House Rent Allowance (HRA) while filing tax returns. It is now easier to claim HRA exemption- you just need to copy details from Form-16 and paste them in ITR-1. It is important to know that you can claim for HRA exemption benefit only when you are living in a rented house. If you lives in your own house then you cannot avail tax exemption benefit on HRA.
Often, people get more returns while doing income tax return filing in the pursuit of higher returns, if you come under the income tax department, doing so, then the income tax department can be prosecuted against you.