Income tax
Guides on income tax returns, the new and old regimes, advance tax and the Income-tax Act, 2025.
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Advance tax for 2026-27: who pays, the due dates and interest
If your tax for 2026-27, after TDS, will be ₹10,000 or more, you pay it in instalments during the year. The next one is due on…
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New or old tax regime for 2026-27: where the break-even lies
The new regime is the default for 2026-27, and a salaried person pays no tax up to ₹12.75 lakh. The old regime only wins with large…
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No tax up to ₹12 lakh: how the rebate and marginal relief work
In the new regime, a resident individual with taxable income up to ₹12 lakh pays no income tax for 2026-27. Just above ₹12 lakh, marginal relief…
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Missed the ITR deadline? Belated and revised returns for 2025-26 income
You can still file a belated return for income earned in 2025-26 until 31 December 2026. Here is what it costs and what to do now.
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Tax year 2026-27: what the Income-tax Act, 2025 changes
The Income-tax Act, 2025 applies from 1 April 2026 and replaces the assessment year with a single tax year. Here is what changes, and what does…