Income Tax Articles
Are Your Diwali Gifts Taxable? Know the Income Tax & GST Provisions
Confused about Diwali gift taxation? Know when gifts are taxable under Income Tax & GST, exemptions, TDS under Section 194R, and key compliance rules.
ITR Filing Deadline Extended to Sep 15, 2025 for AY 2025-26
The ITR filing deadline for FY 2024-25 (AY 2025-26) has been extended to September 15, 2025. Learn more about the reasons and consequences of late filing.
Budget 2025: Why 90% of Taxpayers May Switch to the New Income Tax Regime
14 October 2025
947 Views
Budget 2025 makes income tax simpler! With zero tax up to Rs 12 lakh and easier slabs, over 90% taxpayers may shift to the new tax regime.
India Tax: Dearness Allowance (DA) Implications FY 24-25
Understand the tax implications of Dearness Allowance (DA) in India for FY 24-25. Learn how DA impacts HRA, gratuity, pension, and how to report it correctly.
How to Earn more than 8.20% Interest from Senior Citizen Savings Scheme 2025
Senior Citizen Saving Scheme (SCSS) allows eligible individuals to earn interest on their investments with a potential strategy from 1st September 2025 onwards....
How to Calculate Presumptive Income Under Section 44AE of Income Tax Act?
Learn how Section 44AE of the Income Tax Act simplifies tax filing for small transport businesses with presumptive taxation and digital tools.
More Than Rs 20,000 Cash Transactions Can Cost You 100% Penalty: Check Now Before It's Too Late
Cash transactions over Rs 20,000 for loans, deposits or specified sums may add 100% penalties to you - Use bank transfers or cheques for compliance.
Last Date To File LLP-8 and NDH-3
08 October 2025
845 Views
Reminder from MCA: LLPs and Nidhi companies must file Form LLP-8 and Form NDH-3 to stay compliant and avoid penalties.
Relief or Burden: What Every Taxpayer Should Know About the New Income Tax Act, 2025
The new Income Tax Act, 2025, effective from April 1, 2026, replaces the six-decade-old Income Tax Act, 1961, with simplified provisions, reduced sections, and clearer tax rules. Key highlights include new tax slabs, higher deductions, elimination of notional rent, rationalised TDS/TCS, clear taxation on virtual digital assets and a focus on digital compliance.
Overview of the Old and New Tax Regimes under the Income Tax Act 2025
08 October 2025
653 Views
Confused between the Old and New Tax Regimes under the Income Tax Act 2025? This complete guide explains key differences, tax slabs, deductions, and benefits for FY 2025-26, helping you choose the regime that maximises your tax savings with ease.
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