Blog

How leave encashment is taxed in India: fully taxable during service, but exempt up to ₹25 lakh for private employees on retirement under Section 10(10AA). Formula and example.

Received salary arrears that pushed you into a higher slab? Section 89(1) relief and Form 10E explained — how relief is computed and why Form 10E must be filed first.

Section 80TTA gives up to ₹10,000 on savings interest; 80TTB gives seniors ₹50,000 on savings, FD and RD interest. Limits, the new-regime exclusion and how they differ.

Got a Section 143(1) intimation after filing your ITR? What it means, the three outcomes, the PDF password, common mismatches and how to respond to a demand or refund.

How to e-verify your income tax return: Aadhaar OTP, net banking, bank/demat/ATM EVC, DSC and ITR-V by post — plus the 30-day deadline you must not miss.

Missed the ITR deadline or found an error? How belated (139(4)), revised (139(5)) and defective (139(9)) returns work for AY 2026-27 — deadlines, late fees and what you lose.

How to set off and carry forward capital, house-property, business and F&O losses in India — set-off order, time limits, and the filing deadline that protects them.

Standard deduction for FY 2025-26 is ₹75,000 under the new regime and ₹50,000 under the old. Who can claim it, pensioners, family pension and worked examples.

Section 87A rebate FY 2025-26: income up to ₹12 lakh (₹12.75 lakh salaried) is tax-free under the new regime. Slabs, marginal relief and the capital-gains catch explained.