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Practical guides on Indian tax, salary structuring, deductions and investments – written by Chartered Accountants and updated for FY 2026-27 amendments.
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Hand-picked – latest amendments and high-impact readsRs. 12 Lakh Income but Tax Isn’t Zero? Marginal Relief in the New Regime (FY 2025-26)
Income up to Rs. 12 lakh is tax-free under the new regime – so why do you still pay tax at Rs. 12.2 lakh? Marginal relief explained with worked examples and the exact income band where it applies.
Read article →PF Account Errors? Fix Name, Date of Joining and Exit Date Online – Complete Joint Declaration Guide (2026)
The corrections nobody explains properly: which of the 11 fields you can self-approve against Aadhaar, which need the employer, the exact document per field, the contributions-match rule for dates – and what to do when the employer just will not approve.
Read article →PM Viksit Bharat Rozgar Yojana (PM-VBRY / ELI): Rs 15,000 for New EPF Members, Rs 3,000/Month for Employers
The Rs 99,446 crore employment scheme decoded: first-timer benefit in two instalments (UMANG face authentication is the step everyone misses), employer incentives by wage slab for 2-4 years, baseline headcount rules and worked examples.
Read article →Professional Tax in India FY 2026-27 – State-wise Slab Rates, Due Dates and the Odisha Abolition
Complete state-wise PT map: Maharashtra gender slabs and the Rs. 300 February rule, half-yearly Tamil Nadu and Kerala, annual-income Bihar and Jharkhand, Punjab PSDT – and Odisha abolishing PT from April 2026. With links to per-state calculators.
Read article →Latest Articles
Browse the full libraryStandard Deduction of Rs 75,000 in the New Regime: Who Gets It, on What Income
The bottom line first: the Rs. 75,000 standard deduction in the new tax regime is a flat, no-questions-asked subtraction from […]
Read article →How Your Employer Computes TDS on Salary — and Why It Changes Mid-Year
Here is the short version, because it is the question that lands in every salaried person’s inbox in January: your […]
Read article →Reassessment Notice u/s 148A: Your Rights and How to Reply
A notice under Section 148A is the income-tax department knocking before it enters. It is not a reassessment — it […]
Read article →Section 142(1) Notice: What It Means and How to Respond Safely
A notice under Section 142(1) of the Income-tax Act, 1961 is not, by itself, a sign that you have done […]
Read article →Defective Return Notice u/s 139(9): Common Causes and How to Fix Each
You filed your return, breathed a sigh of relief — and then an email arrives saying your return is defective […]
Read article →Missed Income or Wrong ITR? Fixing It with ITR-U and the Extra Tax You’ll Pay
Found an old interest certificate, a missed capital gain, or a freelance payment you never showed? You do not have […]
Read article →Got a 143(1) Intimation With a Mismatch? How to Read It and Respond
A Section 143(1) intimation is not a scrutiny notice and it is not an accusation. It is the automated summary […]
Read article →Is the 87A Rebate Available on Capital Gains? What’s Allowed and What Isn’t (FY 2025-26)
Here is the bottom line before we go any further: for FY 2025-26 (AY 2026-27) you cannot use the Section […]
Read article →RSU & ESOP Taxation in India: Perquisite at Vesting vs Capital Gains at Sale
If you have received RSUs (Restricted Stock Units) or ESOPs (Employee Stock Options) from your employer, the single most important […]
Read article →Two Form 16s After a Job Change: Merge Them and Avoid a Tax Demand
If you changed jobs during FY 2025-26, you will receive two Form 16s — one from each employer — and […]
Read article →Which ITR Form for Salary + Capital Gains + a Little F&O? (AY 2026-27)
If you draw a salary, sold some shares or mutual funds during the year, and also placed a few futures-and-options […]
Read article →Old vs New Regime FY 2025-26: The Exact Salary Where Each One Wins
Bottom line first: for FY 2025-26 (AY 2026-27), if your gross salary is up to about Rs. 12.75 lakh, the […]
Read article →How to Claim a TDS Refund When Tax Deducted Exceeds Your Liability
Bottom line first: there is no separate “refund application” for excess TDS. Your income tax return is the refund claim. […]
Read article →Rs. 12 Lakh Income but Tax Isn’t Zero? Marginal Relief in the New Regime Explained (FY 2025-26)
Income up to Rs. 12 lakh is tax-free under the new regime, so why do you still pay tax at Rs. 12.2 lakh? Marginal relief for FY 2025-26, explained with worked examples and the exact income band where…
Read article →PM Viksit Bharat Rozgar Yojana (PM-VBRY / ELI): Rs 15,000 for New EPF Members, Rs 3,000/Month for Employers
Complete PM-VBRY (ELI scheme) guide: Rs 15,000 one-time benefit for first-time EPF members (UMANG face authentication required), Rs 1,000-3,000 per month employer incentives by wage slab for 2-4 years…
Read article →PF Account Errors? Fix Name, Date of Joining and Exit Date Online – Complete Joint Declaration Guide (2026)
Step-by-step EPFO Joint Declaration guide (2026): fix name, DOB, date of joining and exit date online - who self-approves against Aadhaar, which fields need the employer, the exact document list per f…
Read article →EPF Interest Rate Stays at 8.25% for FY 2025-26 – How PF Interest is Actually Calculated
EPFO retains the EPF interest rate at 8.25% for FY 2025-26. Rate history, the 12% + 3.67% + 8.33% EPS split, monthly running-balance interest with a worked example, and the Rs. 2.5 lakh VPF tax thresh…
Read article →Buying Property from an NRI? TDS Under Section 195 Explained for FY 2026-27
TDS on buying property from an NRI: 12.5% LTCG plus surcharge and cess (13% to 14.95% effective) on the full price, no Rs. 50 lakh threshold, Form 13 lower-deduction certificates, and the buyer compli…
Read article →Section 80C is Now Section 123 – Full Deduction List and Limits for FY 2026-27 (Income-tax Act 2025)
Section 80C becomes Section 123 with Schedule XV under the Income-tax Act 2025 from 1 April 2026. Complete Rs. 1.5 lakh deduction list - EPF, PPF, SSY at 8.2%, ELSS, NSC, home loan principal, tuition…
Read article →GST Late Fees and Interest FY 2026-27 – Caps for GSTR-1, 3B, 9 and the New 3-Year Filing Bar
GST late fee caps for FY 2026-27 (Rs. 2,000/5,000/10,000 by turnover), 18% interest on net cash liability with a worked example, GSTR-9 graded fees, and the 3-year permanent filing bar in force since…
Read article →Professional Tax in India FY 2026-27 – State-wise Slab Rates, Due Dates and the Odisha Abolition
State-wise professional tax guide for FY 2026-27: slab rates and maximums for Maharashtra, Karnataka, WB, TN, Kerala, Gujarat, MP, Bihar and more - plus the Odisha abolition from April 2026 and the Se…
Read article →Section 393 of Income Tax Act 2025 — Complete TDS Transition Guide for FY 2026-27
Comprehensive guide to TDS under the new Income Tax Act 2025 effective 01.04.2026. Section 393 consolidation of the 194-series, Finance Act 2025 threshold revisions, removed provisions (206AB / 206CCA…
Read article →Old vs New Tax Regime FY 2026-27 – Which Saves More Tax (with Break-even Analysis)
Old vs new tax regime comparison for FY 2026-27 (AY 2027-28). Slab rates, allowed deductions, break-even salary points, and worked examples for Rs. 8L, 12L, 18L and 25L incomes - so you can pick the r…
Read article →HRA Exemption FY 2026-27 – 8 Metro Cities, 50% vs 40% Calculation Explained
House Rent Allowance (HRA) exemption under Section 10(13A) for FY 2026-27. Income-tax Act 2025 expands metros from 4 to 8 cities, raising the cap from 40% to 50% of basic salary for Bengaluru, Pune, H…
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