Blog

No HRA in your salary? Section 80GG lets you deduct rent paid — least of ₹60,000, 25% of income, or rent minus 10% of income. Conditions, Form 10BA and a worked example.

Clubbing of income under Section 64: when a spouse’s or minor child’s income is taxed in your hands, the ₹1,500 child exemption, exceptions and key nuances explained.

Who needs a tax audit under Section 44AB: business ₹1 crore (₹10 crore digital), profession ₹50 lakh, and presumptive cases. Due dates for AY 2026-27 and the 271B penalty.

Buying property worth ₹50 lakh or more? As the buyer you must deduct 1% TDS under Section 194-IA and file Form 26QB. Rules, timelines, Form 16B and penalties explained.

Online gaming and lottery winnings are taxed at a flat 30% with no deductions. Sections 194BA, 115BBJ, 194B and 115BB explained, with net-winnings calculation and an example.

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.