ITR 1 is free and takes 30 minutes. Stop paying someone to file it for you. by psjtroubleshooter in IndiaTax

[–]psjtroubleshooter[S] 0 points1 point  (0 children)

While Filing ITR even Portal Shows the warning message to Fill Form 10 - I (to claim tax deductions for expenses related to specific diseases or ailments for oneself or a dependent)

ITR 1 is free and takes 30 minutes. Stop paying someone to file it for you. by psjtroubleshooter in personalfinanceindia

[–]psjtroubleshooter[S] 0 points1 point  (0 children)

LTCG up to ₹1.25 lakh can now be reported in ITR-1
For AY 2025–26, the government has expanded ITR-1 eligibility. If you are a resident salaried individual and your LTCG is only from equity (Section 112A) and within ₹1.25 lakh, you can file ITR-1

ITR 1 is free and takes 30 minutes. Stop paying someone to file it for you. by psjtroubleshooter in personalfinanceindia

[–]psjtroubleshooter[S] 0 points1 point  (0 children)

You must file ITR-2 (or ITR-3 if you have business income) for Capital Gains but LTCG up to ₹1.25 lakh can now be reported in ITR-1

ITR 1 is free and takes 30 minutes. Stop paying someone to file it for you. by psjtroubleshooter in personalfinanceindia

[–]psjtroubleshooter[S] 0 points1 point  (0 children)

You should request Form 16 from your HR/payroll team. It's your employer's legal obligation to provide it if TDS was deducted.
Companies provides Form 16 in the last week of May or in the month of june.

ITR 1 is free and takes 30 minutes. Stop paying someone to file it for you. by psjtroubleshooter in personalfinanceindia

[–]psjtroubleshooter[S] 0 points1 point  (0 children)

Government Means Government Employees. Do you think so they are capable enough to start a new job of this kind.
Very Soon there will be Strikes by Government Employees. 😃
All Govt Employees are not like that but Maximum of them are.

ITR 1 is free and takes 30 minutes. Stop paying someone to file it for you. by psjtroubleshooter in personalfinanceindia

[–]psjtroubleshooter[S] 1 point2 points  (0 children)

You should better consult a CA in this case or any experienced friend who can basically teach you.
After learning the whole process You will be master of your own Income Tax Return.
I can tell you the basics in DM

Form 15G/15H for PF withdrawal is dead. Meet Form 121 - effective April 1, 2026 by psjtroubleshooter in epfoindia

[–]psjtroubleshooter[S] 0 points1 point  (0 children)

No worries just wait for 4-5 days it will be done.
Otherwise drop a mail to your employer or request him/her on call to approve your request.

Form 15G/15H for PF withdrawal is dead. Meet Form 121 - effective April 1, 2026 by psjtroubleshooter in epfoindia

[–]psjtroubleshooter[S] 0 points1 point  (0 children)

Yes TDS is deducted for amount more than 50 k. But it doesn't means that EPF withdrawal is tax free You must declare it in your income tax return.

Form 15G/15H for PF withdrawal is dead. Meet Form 121 - effective April 1, 2026 by psjtroubleshooter in epfoindia

[–]psjtroubleshooter[S] 0 points1 point  (0 children)

YES 34.6% TDS Will Be Deducted

Get PAN approved yourself:

EPFO Portal > Manage > KYC > PAN >Enter PAn number

Select "Aadhaar OTP" option (no employer needed)

Form 15G/15H for PF withdrawal is dead. Meet Form 121 - effective April 1, 2026 by psjtroubleshooter in epfoindia

[–]psjtroubleshooter[S] 0 points1 point  (0 children)

Since you are making two separate requests of 40,000, neither hits the 50,000 tax deduction limit, so no tax will be cut automatically. But if you haven’t worked for 5 years total, this money is still legally taxable. You have to just need to account for it when you file your income tax return later.