Income Tax Articles

TDS Late Payment Interest: Calculation & Formula

Posted by Poojitha Raam Vinay 15 November 2025 349 Views

Understand TDS late payment interest calculation. Learn the formula, rates (1% & 1.5%), and consequences of delayed TDS deposit. Avoid penalties!

LTCG Tax on Shares AY 2025-26: Rates & Exemptions

Posted by Poojitha Raam Vinay 17 August 2025 98 Views

Understand Long Term Capital Gain (LTCG) tax on shares for AY 2025-26. Learn about the 12.5% tax rate, ₹1.25 lakh exemption, and grandfathering rules.

Short Term Capital Gain Tax on Shares AY 2025-26

Posted by Poojitha Raam Vinay 01 December 2025 92 Views

Understand Short Term Capital Gain (STCG) tax on shares for AY 2025-26. Learn tax rates, computation, exemptions, and reporting requirements.

Revised vs Updated Return: Key Differences Explained

Posted by Poojitha Raam Vinay 28 June 2025 34 Views

Understand the crucial differences between filing a Revised Return and an Updated Return under the Income Tax Act. Learn eligibility, time limits, and penalties.

Set Off & Carry Forward Losses: Rules & Examples

Posted by Poojitha Raam Vinay 20 September 2025 87 Views

Learn how to set off and carry forward losses in India. Understand intra-head, inter-head set off rules, and recent budget amendments for tax planning.

Property Capital Gains Tax in India: Sale to Tax Guide

Posted by Poojitha Raam Vinay 26 January 2026 148 Views

Understand capital gains tax on property sales in India. Learn about STCG, LTCG, calculation, exemptions, and grandfathering provisions.

Leave Encashment Calculation: Formulas & Tax Exemption

Posted by Poojitha Raam Vinay 02 June 2025 296 Views

Calculate leave encashment with formulas and understand tax exemptions for government and private employees in India under Section 10(10AA).

Exemption vs Deduction: Understand Income Tax Differences

Posted by Poojitha Raam Vinay 08 December 2025 21 Views

Learn the key differences between income tax exemptions and deductions. Discover how each can reduce your tax liability and which tax regime suits you best.

Section 44ADA: Presumptive Tax for Professionals

Posted by Poojitha Raam Vinay 22 October 2025 34 Views

Learn who can opt for Section 44ADA, the presumptive taxation scheme for professionals. Understand eligibility, turnover limits, and benefits. Maximize your tax savings!