AIS vs TIS: The Difference and How to Use Them When Filing
AIS vs TIS explained: the Annual Information Statement is your detailed transaction record; the Taxpayer Information Summary is the category-wise summary that pre-fills your ITR.
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Condonation of Delay for Late ITR: Section 119(2)(b) Explained
Missed the belated-return deadline but owed a refund or carry-forward? How to file a condonation of delay request under Section 119(2)(b), the time limit and the process.
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How to Pay an Outstanding Income Tax Demand (and Dispute It)
Got an outstanding income tax demand? How to view it, agree or disagree, pay under Minor Head 400, the Section 245 refund adjustment, and Section 220(2) interest.
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Gratuity Exemption Under Section 10(10): The ₹20 Lakh Limit Explained
How gratuity is taxed in India: government gratuity is fully exempt; private employees get an exemption up to ₹20 lakh under Section 10(10). Formula, 5-year rule and example.
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Conveyance, Uniform & Allowance Exemptions Under Section 10(14)
Which salary allowances are tax-free under Section 10(14): conveyance, uniform, travel, daily and transport allowances — including the ones that survive the new tax regime.
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Professional Tax in India: State-Wise Rules & the ₹2,500 Cap
Professional tax is a state levy capped at ₹2,500/year. Which states charge it, which do not, how it is deducted, and its old-regime deduction under Section 16(iii).
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ITR Last Date & Due Dates for AY 2026-27 (FY 2025-26)
ITR due dates for AY 2026-27: 31 July for ITR-1/2, 31 August for non-audit business, 31 October for audit cases, and 31 December for belated/revised returns. Plus penalties.
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Grandfathering Rule for LTCG: How the 31 January 2018 Value Works
The grandfathering rule protects equity gains made up to 31 January 2018. How the cost-of-acquisition calculation works for pre-2018 shares and mutual funds, with an example.
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Gross Total Income vs Net Taxable Income: How Tax Is Computed
Gross Total Income vs Net Taxable Income explained: the five heads of income, how GTI is built, Chapter VI-A deductions, and which figure your tax and 87A rebate use.
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Surcharge & Health and Education Cess on Income Tax (FY 2025-26)
How surcharge (10%–37%, capped at 25% in the new regime) and the 4% health and education cess add to your income tax, plus marginal relief and the 15% cap on capital gains.
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Default Tax Regime & How to Opt for the Old Regime (Form 10-IEA)
The new regime is the default. How salaried taxpayers switch yearly, and when business/professional income earners must file Form 10-IEA to choose the old regime.
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Deductions Allowed Under the New Tax Regime (FY 2025-26)
The new tax regime disallows most deductions but a few survive — standard deduction, employer NPS (80CCD(2)), family pension and certain allowances. Full list for FY 2025-26.