Taxpayers must act now. Make tax-saving investments under Section 80C. Submit investment proofs to employers. Pay advance tax by March 15, 2026. Claim health insurance deductions under Section 80D.
While the Income Tax Act 2025 replaces the existing six-decade-old Income Tax Act, 1961, taxpayers are unlikely to see any immediate changes in tax slabs or rates.
In India, there are many options under the tax laws that offer deductions and exemptions to reduce taxable income, such as PPF and ELSS.
With the financial year 2025-26 nearing its end, taxpayers should complete a few important financial tasks before March 31, 2026. Taking timely action can help reduce your tax burden and prevent ...
As the financial year 2025-26 draws to a close, taxpayers must complete key tasks by March 31, 2026, to optimize tax savings and prevent penalties.
The Tribunal found that the authority misapplied the law by relying on provisions relating to donor deductions rather than approval conditions for institutions. Since the trust fulfilled statutory ...
With India's financial year ending on 31 March, experts recommend completing a checklist that includes submitting investment proofs, maximising tax-saving investments, reviewing insurance policies.
If advance tax instalments are not paid by their respective due dates, interest is charged at the rate of 1percent per month ...
Term insurance is often discussed purely as a protection tool, but its tax advantages are rarely explained in detail. While most policyholders are aware of basi ...
The financial year 2025 is coming to an end. Meanwhile, the advance tax filing deadline is also approaching. March 15th is ...
New vs old tax regime FY 2026-27 — real tax calculations, break-even table, 5 case studies, and a clear verdict for every income level after Budget 2026.