What is ITR Zero?
+
ITR Zero is a dedicated platform and podcast helping Indians understand income tax, ITR filing, tax-saving strategies, and financial planning. We break down complex tax topics into simple, practical advice anyone can follow.
Who should follow ITR Zero?
+
Anyone earning income in India should follow us. Whether you're a salaried employee, freelancer, business owner, student, or investor, we have content tailored to your tax situation.
How can I file my ITR?
+
We provide comprehensive guides on ITR filing for different income sources. You can file ITR through the income tax department website (incometaxindiaefiling.gov.in) or with help from a CA. Our episodes cover the entire process step-by-step.
What are Section 80C deductions?
+
Section 80C allows deductions up to ₹1.5 lakh per year for investments in life insurance, PPF, mutual funds, and more. This reduces your taxable income and your tax liability. Listen to our dedicated episode for complete details.
What is TDS and why is it deducted?
+
Tax Deducted at Source (TDS) is tax withheld at the time of payment for various transactions like salary, rent, or commission. It's an advance tax payment. You can claim credit or get a refund if excess TDS was deducted.
How do I understand my Form 16?
+
Form 16 is issued by your employer showing your salary, deductions, and TDS withheld. We break down each section of Form 16 so you understand how your tax is calculated and what information you need for filing ITR.
Should I choose new or old tax regime?
+
This depends on your income level and deductions. The new tax regime has lower rates but no deductions. The old regime has higher rates but allows multiple deductions. Our calculator and episodes help you decide which is better for your situation.
How do I claim capital gains tax on my investments?
+
Capital gains are profits from selling assets like stocks, real estate, or mutual funds. Short-term gains are taxed as income, while long-term gains have preferential rates. We explain how to calculate and report these in your ITR.
What is advance tax and do I need to pay it?
+
Advance tax is tax paid during the financial year for expected income. If your expected tax liability exceeds ₹10,000, you must pay advance tax in installments. Our guide covers deadlines and payment methods.
How is freelance income taxed?
+
Freelance income is taxed based on total earnings. You can claim business deductions like office rent, equipment, and internet. Register as a sole proprietor or business for GST if required. We cover tax planning strategies for freelancers in detail.
What should I do if I receive a tax notice?
+
Don't panic. Read the notice carefully to understand what's being questioned. Gather supporting documents and respond within the given timeframe. Our episode on tax notices covers different types and how to respond appropriately.
How can I track my ITR refund?
+
Track your refund on the income tax department website using your PAN and assessment year. If you filed within the deadline, refunds are typically issued within 3-6 months. We explain the tracking process in detail.
Is my information safe on ITR Zero?
+
We don't collect personal financial information. All our content is educational. For filing ITR, only use the official government portal or registered tax professionals to keep your information secure.
Where can I ask questions about my specific tax situation?
+
Join our community on Telegram, WhatsApp, or Instagram where you can ask questions. For personalized advice about your specific situation, consult with a qualified Chartered Accountant (CA) in your area.
How often do you release new content?
+
We release new podcast episodes regularly on YouTube, Spotify, and other platforms. We also post daily tips on Instagram and WhatsApp. Follow all our channels to stay updated on new content and tax changes.