Taxes

For those opting for the old regime, Section 80C remains one of the most widely used provisions for tax savings, allowing deductions up to Rs 1.5 lakh on certain investments.

Earlier, this benefit was not allowed under the new tax regime, but the revised rule removes that restriction from FY27.

Income Tax Update 2026: The government said TDS on FD and RD interest remains unchanged under the new tax law. Check latest rules and thresholds.

Income Tax 2026 brings new forms replacing Form 16, 26AS and 15G. Check full list, eligibility, purpose, documents required and key changes.

EPF account mistakes can reduce pension and delay claims. Check common PF errors, why they matter, and how employees can fix issues in time.

CBDT has updated ITR-4 for AY 2026-27, making investment disclosure mandatory. Check who can file, eligibility rules and step-by-step filing process.

The mechanism she describes is rooted in two provisions of the Indian Income Tax Act, stacked together under the new tax regime introduced in Budget 2025-26.

SIP is a method of investing regularly in mutual funds, usually linked to the stock market. PPF, on the other hand, is a government-backed savings scheme.

Old vs new tax regime in FY27: See which option offers better tax savings for salaried employees based on income, deductions and take-home pay.

Rs 50,000 salary earners may see a monthly EPF deduction of Rs 3,000. Over time, that contribution could grow into more than a crore retirement corpus.

Misreporting income on your tax return can lead to steep penalties of up to 200% of the tax due.

New labour laws, which are effective from April 1, reduce your monthly take-home pay slightly while boosting long-term retirement savings.

Exempt-Exempt-Exempt (EEE) is a triple tax benefit, where your money is tax-free at the time of investment, during its growth, and even at maturity.

Form 39 will replace Form 10E from FY 2026–27, allowing taxpayers to claim relief on salary arrears and avoid higher tax liability.

Taxpayers can still submit returns with interest and a penalty for missing the due date.

Taking into account the bona fide nature of the error and the lack of deliberate concealment, ITAT Chennai deleted the Rs 10 lakh penalty.

The due date for monthly filers falls on April 20, 2026, but professionals say persistent issues have made compliance difficult on the final day.

One needs to use PAN to file income tax, buy property, make high-value transactions, and invest in mutual funds, shares, etc. 

As part of the rules, many existing old, complicated forms have been replaced by new simplified forms to ease compliance burden on taxpayers.

Compared to the term or fixed deposit rates offered by some of the top private and public sector banks, the coupon rate on RBI Floating Rate Bonds is considerably better.