Here's a rundown of 11 significant news stories to keep you in the know:

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Tips to own your dream home before you turn 40

Owning a dream home is a significant milestone in many people's lives. It symbolises stability, comfort, and a place to call your own. While the journey to homeownership can be exciting, it requires careful planning and preparation. Especially when you are dreaming of owning your ideal home before the age of 40. It's a significant milestone that requires financial preparation, research, and a clear understanding of your housing needs.

Let us guide you through the process of planning for your dream home and offer valuable tips to help you make your dream a reality. Whether you're just starting your career or have already reached your late 20s, these tips will help you set a solid foundation and make informed decisions towards achieving your homeownership goals.

ITR filing: Can you claim standard deduction from multiple employers

Some employees may have switched jobs during the financial year, which leads to them having more than one Form 16 during a financial year. This is because all the employers will issue Form 16s.

So, does this mean that employees can also claim a standard deduction of Rs 50,000 against the salary from both employers and claim it while filing income tax return (ITR)?

Well, no.

"If taxpayers have taken employment with more than one employer during the financial year, it is necessary to report salary income from all employers in ‘Schedule S.’ They should obtain Form 16 from each employer to file a return. A standard deduction of Rs 50,000 is an absolute and unconditional deduction allowed to an employee, and it does not require any supporting evidence or investment. However, this deduction can be claimed only once per year, regardless of the number of job changes during that period," Naveen Wadhawa, Deputy General Manager at Taxmann, said.

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