Income Tax & ITR
ITR filing, tax slabs, deductions, notices, refunds — for salaried, professionals, and businesses.
Income Tax Login: How to Access the E-Filing Portal (2026 Guide)
Step-by-step income tax login on incometax.gov.in using PAN, Aadhaar OTP or net banking, plus first-time registration, password reset and fixes for common login errors.
TDS on Rent: Section 194-IB and 194-I Rules, Rates and Due Dates
When tenants must deduct TDS on rent, the current 2% rate under 194-IB, Form 26QC filing and penalties for missing it.
TDS on Purchase of Goods under Section 194Q: Thresholds, Rate and Worked Example
Section 194Q for buyers with turnover above ₹10 crore: 0.1% TDS on purchases above ₹50 lakh per seller, what changed after TCS 206C(1H) was withdrawn, and filing steps.
Is Agricultural Income Taxable in India? Rules and Partial Integration
Agricultural income is exempt under Section 10(1), but it can still raise the tax on your other income. What counts as agricultural income, partial integration and how to report it.
TCS on Foreign Remittance Under LRS: Rates and Refunds
Learn about Tax Collected at Source (TCS) on foreign remittances under the Liberalised Remittance Scheme (LRS), including the latest rates and thresholds.
How Dividends Are Taxed in India After 2020
Since 2020, dividends in India are taxed at your slab rate. Companies deduct 10% TDS on payouts over ₹5,000. Learn how to report this income correctly.
Standard Deduction for Salaried Employees: ₹75,000 Explained
For FY 2025-26, salaried individuals and pensioners can claim a flat ₹75,000 standard deduction under the new tax regime, reducing their taxable income.
New vs Old Tax Regime FY 2025-26: Which Saves You More?
A side-by-side comparison of the new and old income tax regimes for FY 2025-26, with break-even deduction levels and worked salary examples.
TDS on Contractor Payments Under Section 194C
TDS under Section 194C applies at 1% or 2% on payments to contractors above ₹30,000 per bill or ₹1 lakh a year. Who deducts, what counts as work, and transporter relief.
Section 80U and 80DD: Tax Deductions for Disability
Claim flat tax deductions up to ₹1,25,000 for disability under Section 80U (self) or 80DD (dependent). This guide covers eligibility, amounts, and required documents.
Section 87A Rebate FY 2025-26: ₹60,000 Rebate and Marginal Relief Explained
Who gets the Section 87A rebate, how the ₹12 lakh limit works, and how marginal relief protects income just above it.
Rectification under Section 154: How to Fix an Income Tax Intimation
When CPC gets it wrong: which errors qualify as "mistakes apparent from record", the four-year limit, and a step-by-step online rectification request.
Clubbing of Income: When Spouse or Child Income Is Added to Yours
Clubbing of income means adding the income of your spouse or minor child to your total income for tax calculation, a rule designed to prevent tax avoidance on gifted assets.
ITR for Salaried Employees With Share Trading Gains
Salaried individuals with capital gains from shares must file either ITR-2 or ITR-3. This guide explains which form applies, tax calculations, and common pitfalls.
Income Tax Benefits for Senior Citizens in India
Senior citizens in India get special tax benefits, including a higher basic exemption, deductions up to ₹50,000 for health expenses and interest income.
Salary Restructuring to Save Tax Under the New Regime
Under the default new tax regime, most deductions are gone. However, smart salary restructuring using NPS, meal coupons, and other perquisites can still lower your tax.
Inoperative PAN: Consequences and How to Reactivate
An inoperative PAN can block major financial transactions. Understand the consequences, how to check your status, and the steps to reactivate your PAN by linking it with Aadhaar.
Missed the ITR Deadline? Belated Return under Section 139(4) Explained
What happens after the due date: the 31 December last date for a belated return, late fee under 234F, interest under 234A and the losses you lose forever.
Section 80TTA and 80TTB: Deduction on Interest Income
Section 80TTA allows a tax deduction of up to ₹10,000 on savings interest, while Section 80TTB offers up to ₹50,000 for senior citizens on savings and deposit interest.
Tax on Lottery, Online Game and Prize Winnings (Sec 115BB, 194BA)
Winnings from online games, lotteries, and contests are taxed at a flat 30%. Understand TDS rules under Sec 194BA and your reporting obligations.
Section 50C: When Stamp Duty Value Overrides Sale Price
Section 50C is a deeming provision in the Income-tax Act where the Stamp Duty Value (SDV) of a property is considered its sale price for capital gains calculation if it exceeds the actual price.
Angel Tax Abolished: What Section 56(2)(viib) Removal Means for Startups
The Finance (No. 2) Act, 2024 abolished angel tax from AY 2025-26. What changed, what still applies to share issues, and what founders should still document.
Slump Sale Taxation Under Section 50B
Learn how a slump sale is taxed under Section 50B. This guide covers capital gains calculation, net worth determination, and compliance for AY 2026-27.
Form 15G and 15H: Who Can Submit Them and the New TDS Thresholds
Stop TDS on FD interest the legal way. Eligibility for Form 15G (under 60) and 15H (60+), updated interest thresholds from April 2025, and the penalty for false declarations.
Is Selling Agricultural Land Taxable? Rural vs Urban
The taxability of selling agricultural land in India depends entirely on its location. Rural agricultural land is not a capital asset and its sale is tax-free.
Form 26AS vs AIS vs TIS: What Each Shows and How to Fix Mismatches
Three statements, one tax record. Learn what Form 26AS, the Annual Information Statement and the Taxpayer Information Summary contain, and how to give feedback before filing.
Tax on Futures and Options (F&O) Trading in India
F&O trading income is taxed as business income, not capital gains. Correctly calculating turnover is crucial for determining tax audit applicability and filing ITR-3.
ITR Filing for NRIs: Which Form and What Income Is Taxable
A guide for Non-Resident Indians on ITR filing for AY 2026-27. Understand which income is taxable in India, which ITR form to use (ITR-2/ITR-3), and available deductions.
DTAA and Foreign Tax Credit (Form 67) for Indians Abroad
An Indian resident earning abroad can claim Foreign Tax Credit (FTC) to avoid double taxation by filing Form 67 on or before the ITR due date. Here's how.
TDS on Interest Under Section 194A: FDs, Loans and Senior Citizens
Banks deduct 10% TDS on FD interest above ₹50,000 (₹1 lakh for seniors). Businesses paying interest on loans must deduct too. Thresholds, exemptions and how to avoid excess TDS.
Section 54F: Exemption When You Sell Any Asset and Buy a House
A complete guide to Section 54F of the Income-tax Act. Learn how to claim tax exemption on long-term capital gains from selling assets like shares or gold by buying a residential house.
Carry Forward and Set Off of Business and Capital Losses
Understand the rules for setting off and carrying forward business and capital losses. You can carry forward most losses for 8 years if you file your ITR on time.
TDS on Professional and Technical Fees Under Section 194J
Section 194J requires TDS at 10% on professional fees and 2% on technical services above ₹50,000 a year. Who deducts, rates, deadlines and penalties.
Section 24(b): Home Loan Interest Deduction on Let-Out and Self-Occupied Property
A guide to Section 24(b) of the Income-tax Act, detailing the deduction for home loan interest for both self-occupied and let-out properties in India.
NPS Tax Benefits: Section 80CCD(1), 80CCD(1B) and 80CCD(2)
NPS gives three tax breaks: 80CCD(1) within ₹1.5 lakh, an extra ₹50,000 under 80CCD(1B), and employer contribution under 80CCD(2), which even works in the new regime.
Tax on Rental Income in India: 30% Standard Deduction, Home Loan Interest and Loss Set-off
A worked guide to taxing rent under "Income from House Property" — annual value, municipal tax, the flat 30% deduction, interest under Section 24(b) and the ₹2 lakh loss cap.
Corporate Tax Rates: Section 115BAA and 115BAB Explained
Understand the concessional corporate tax rates under Section 115BAA at 22% for existing companies and Section 115BAB at 15% for new manufacturing companies, and the conditions to avail them.
Section 80GG: Claim Rent Deduction Without HRA
Self-employed or not getting HRA? Section 80GG lets you deduct rent paid, up to ₹5,000 a month. The three-way limit, Form 10BA and a worked example.
ESOP Tax Deferral for Startup Employees Under Section 192
Eligible startup employees can defer paying tax on ESOPs. Learn how Section 192(1C) helps manage cash flow by postponing TDS until shares are sold, you leave the company, or after 48 months.
Section 54: Save Capital Gains Tax by Buying Another House
Sold a house? Section 54 exempts long-term capital gains if you buy or build another residential house in India, up to ₹10 crore. Timelines, CGAS and a worked example.
Section 80G Deduction on Donations: 50% vs 100%, Limits and Form 10BE
How the Section 80G deduction really works — which donations get 100% or 50%, the 10% qualifying limit, the ₹2,000 cash rule and why Form 10BE now decides your claim.
High-Value Transactions the Income Tax Department Tracks
The Income Tax Dept tracks transactions like cash deposits over ₹10 lakh, property deals over ₹30 lakh, and large credit card payments. This guide explains the rules and how to stay compliant.
Section 80E: Tax Deduction on Education Loan Interest
Section 80E lets you deduct the full interest on an education loan for up to 8 years, with no upper limit. Who qualifies, which loans count, and a worked example.
Salary TDS Not Showing in 26AS: What to Do
If TDS deducted from your salary is not showing in Form 26AS, contact your employer immediately. They likely haven't filed their TDS return or made an error.
Form 12BB: Declaring Investments to Your Employer
Form 12BB is a mandatory statement for salaried employees to declare tax-saving investments and expenses to their employer for accurate TDS calculation.
Leave Travel Allowance (LTA) Exemption Rules
A guide to Leave Travel Allowance (LTA) exemption rules in India. Learn who can claim it, the conditions, the four-year block system, and eligible expenses.
Tax on Income From Foreign Clients for Indian Freelancers
Indian residents earning from foreign clients must pay tax in India. Your global income is taxable under 'Profits and Gains of Business or Profession'.
Income Tax on Intraday Trading: ITR-3 and Tax Audit Rules
Intraday trading income is treated as speculative business income, taxed at your slab rate. You must file ITR-3 and may be subject to a tax audit.
Tax on Company Car and Other Perquisites
Understand the income tax implications of company-provided cars and other perquisites. Learn how these benefits are valued and added to your taxable salary.
Share Buyback Tax From October 2024
Indian companies, both listed and unlisted, pay a buyback tax under Section 115QA on distributed income. This guide explains the calculation, shareholder exemption, and compliance.