Income Tax
Priyanka Wadhera•18 Apr 2023
Income Tax Slabs rates for AY 2024–25 (FY 2023–24)
Income tax slab rates for AY 2024-25 (FY 2023-24) under the new default regime and old regime, with section 87A rebate up to ₹7 lakh explained.
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Discover all our latest articles, guides, and updates related to Income Tax.
Income Tax
Priyanka Wadhera•17 Apr 2023
Income Tax Modifications Effective for AY 2023–24 (FY 2022-23)
Key income tax modifications for AY 2023-24 — updated returns, 30% VDA tax, 15% surcharge cap on LTCG and cess disallowance, still relevant in FY 2026-27.
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Income Tax
Priyanka Wadhera•17 Apr 2023
Tips for Self-Employed and Freelancers to File Income Tax Return for FY 22-23
Freelancer tax filing guide — section 44ADA presumptive scheme, ITR-3 versus ITR-4, foreign receipts, GST registration and advance tax obligations.
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Income Tax
Priyanka Wadhera•16 Apr 2023
Change in Indian taxation through digitization
India's tax system has moved to faceless assessments, AIS, e-invoicing and AI-driven scrutiny — how digitization shapes FY 2026-27 compliance.
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Income Tax
Priyanka Wadhera•14 Apr 2023
Income Tax Sec 80GG for Old Tax Regime FY 2023-24
Section 80GG allows rent deduction up to ₹60,000 a year for those without HRA — eligibility, calculation and Form 10BA filing under the old tax regime.
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Income Tax
Priyanka Wadhera•13 Apr 2023
In India, how may income tax be reduced?
Reduce income tax in India for FY 2026-27 — regime choice, 80C, 80D, home loan interest and section 87A rebate strategies explained.
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Income Tax
Priyanka Wadhera•12 Apr 2023
New ITR Forms for FY 2022-23 (AY 2023-24)
ITR forms for AY 2023-24 introduced Schedule VDA for crypto, expanded foreign asset reporting and AIS-driven pre-fill — still relevant for updated returns.
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Income Tax
Priyanka Wadhera•12 Apr 2023
Cost Inflation Index (CII) FY 2023–24
Cost Inflation Index for FY 2023-24 is 348 — used to compute indexed cost on long-term capital assets and grandfathered land or building under FY 2026-27 rules.
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Income Tax
Priyanka Wadhera•10 Apr 2023
Income Tax Modifications from April 2023
April 2023 income tax changes — new regime as default, section 87A rebate up to ₹7 lakh, surcharge cap at 25% — still shape FY 2026-27 planning.
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Income Tax
Priyanka Wadhera•6 Apr 2023
Circular on TDS for salaries: FY 2023-2024
Refreshed guide to the CBDT circular on salary TDS for FY 2023-24 — new regime default, Section 87A rebate, standard deduction and what holds in 2026.
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Income Tax
Priyanka Wadhera•5 Apr 2023
Auto Calculation of Income Tax
How auto-calculation income tax software helps salaried Indians — old vs new regime, AIS reconciliation and what to use for FY 2026-27 and AY 2027-28.
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Income Tax
Priyanka Wadhera•5 Apr 2023
New Income Tax Rules w.e.f 1st April 2023
Recap of the income tax rules effective 1 April 2023 — new regime default, Section 87A rebate, debt MF taxation and how they apply in FY 2026-27.
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Income Tax
Priyanka Wadhera•5 Apr 2023
TDS Rate Chart for FY 2023-24
Refreshed TDS rate chart guide — Section 192, 194A, 194C, 194J, 194Q, 194R and how the FY 2023-24 baseline now applies in FY 2026-27.
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Income Tax
Priyanka Wadhera•21 Mar 2023
Tax Exemption U/s 80IAC
Complete 2026 guide to Section 80-IAC tax exemption — eligibility, IMB approval, three-year tax holiday and compliance for DPIIT-recognised startups.
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Income Tax
Priyanka Wadhera•20 Feb 2023
Directors ITR in India
How directors of Indian companies must file their ITR for AY 2027-28 — ITR-2 vs ITR-3, mandatory disclosures and common mistakes to avoid.
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Income Tax
Priyanka Wadhera•20 Feb 2023
Sole Proprietorship Tax Planning in India
2026 tax planning guide for sole proprietorships in India — regime choice, Section 44AD and 44ADA, deductions, family planning and advance tax.
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Income Tax
Priyanka Wadhera•19 Feb 2023
KEY CHANGES IN ITR FORMS A.Y 2023-24
Key ITR form changes from AY 2023-24 — Schedule VDA, FA, ESOPs, regime choice — and how the framework applies to AY 2027-28 filings.
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Income Tax
Priyanka Wadhera•18 Feb 2023
SECTION 194C: TDS TO CONTRACTOR
Complete 2026 guide to Section 194C TDS on payments to contractors — rates, thresholds, exemptions and compliance for FY 2026-27.
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Income Tax
Priyanka Wadhera•11 Feb 2023
Know how Gifts to NRI is Taxable
Understand when gifts to NRIs are taxable in India under Section 56(2)(x), exempt categories, FEMA rules, and reporting obligations for FY 2026-27.
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Income Tax
Priyanka Wadhera•11 Feb 2023
AMENDMENT IN SECTION 44AD & 44ADA
Section 44AD and 44ADA amendments for FY 2026-27: ₹3 crore and ₹75 lakh thresholds, 5% cash cap, audit triggers, and presumptive tax planning.
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Income Tax
Priyanka Wadhera•5 Feb 2023
Old Tax Regime or New Tax Regime? Which one is Beneficial
Compare old vs new tax regime for FY 2026-27: slabs, deductions, Section 87A rebate up to ₹7L, ₹75K standard deduction, and how to choose the right one.
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Income Tax
Priyanka Wadhera•5 Feb 2023
Deductions under section 80GG
Section 80GG deduction for rent paid without HRA: eligibility, ₹60,000 cap, Form 10BA filing, and worked example for FY 2026-27 old tax regime.
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Income Tax
Mayank Wadhera•4 Feb 2023
Simplified GST Changes in Union Budget 2023
GST simplification journey from Budget 2023 to FY 2026-27: decriminalisation, e-commerce composition, ITC reforms, GSTAT, and return filing time limits.
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Income Tax
Priyanka Wadhera•4 Feb 2023
HIGHLIGHTS OF BUDGET 2023
Union Budget 2026 highlights: new tax regime slabs, MSME measures, capital expenditure push, EV duty extension, and Saptarishi priorities for FY 2026-27.
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Income Tax
Priyanka Wadhera•3 Feb 2023
Want to save on taxes? Learn how to claim deductions on your National Savings Certificate (VIII)
Claim Section 80C deduction on National Savings Certificate VIII Issue up to ₹1.5 lakh per year. Interest taxation, reinvestment benefit, and ITR reporting explained.
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Income Tax
Priyanka Wadhera•3 Feb 2023
Want to save for the future? Learn how to claim tax deductions on your National Savings Monthly Income Scheme
Tax rules on Post Office Monthly Income Scheme (POMIS) for FY 2026-27: no 80C, fully taxable interest, Section 80TTB for seniors, and reporting in ITR.
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Income Tax
Priyanka Wadhera•3 Feb 2023
Want to save on taxes? Learn how to claim deductions on your Monthly Income Scheme
Tax rules on Monthly Income Schemes for FY 2026-27: POMIS, bank MIS, and mutual fund MIPs. TDS, 80TTB, and ITR reporting explained for investors.
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Income Tax
Priyanka Wadhera•3 Feb 2023
Want to save on taxes? Learn how to claim deductions on your Senior Citizen Savings Scheme
Senior Citizen Savings Scheme tax benefits FY 2026-27: Section 80C up to ₹1.5L, ₹30L deposit cap, 80TTB on interest, quarterly payouts and ITR reporting.
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Income Tax
Priyanka Wadhera•3 Feb 2023
Have a girl child? Learn how to claim tax deductions on your Sukanya Samriddhi Yojana contributions
Sukanya Samriddhi Yojana tax benefits: Section 80C deduction up to ₹1.5 lakh, tax-free interest, EEE status, and rules for the girl child savings scheme.
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Income Tax
Priyanka Wadhera•3 Feb 2023
Want to save for your retirement? Learn how to claim tax deductions on your Monthly Income Scheme
Retirement Monthly Income Scheme tax planning FY 2026-27: SCSS 80C, POMIS interest, 80TTB for seniors, and how to build a tax-efficient retirement portfolio.
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