ITR filing deadline 2026: Missing July 31 can cost you more than you think
Many taxpayers scrambling to meet the 31 July income tax return (ITR) deadline tend to focus on one consequence of filing late, the penalty. But tax experts say the bigger…
Form 15G vs Form 15H explained: Who can submit these forms to avoid TDS on interest income?
Tax Deducted at Source (TDS) on interest income can reduce the amount credited to your bank account even when your total income in a financial year is not taxable. To…
Tax-free income in India: 5 sources every taxpayer should know about
Not all income earned by an individual is taxable under Indian tax laws. While salary, business income and most investment gains are subject to taxation, the Income Tax Act provides…
Earning FD interest? Why you should submit Form 121 — TDS provisions explained
After making a bank fixed deposit, make sure you submit Form 121 if the interest income exceeds the specified threshold limit. Otherwise, the bank will deduct the tax deducted at…
Advance tax deadline on June 15: Who should pay, who is exempt and do senior citizens need to pay?
The first advance tax instalment deadline of FY 2026-27 falls on June 15, by which eligible taxpayers are required to pay a portion of their estimated tax liability for the…
‘ ₹7 lakh tax rebate was never just about saving tax’: ClearTax’s Archit Gupta on how it changed the way Indians invest
The ₹7 lakh tax rebate introduced under the new tax regime during the Union Budget 2023 was widely viewed as a measure to reduce the tax burden on middle-income taxpayers.…
ITR filing AY 2026-27: Complete list of deductions and exemptions available under new tax regime
As the income tax return (ITR) filing season for AY 2026-27 is underway, taxpayers choosing the new tax regime should understand the list of exemptions and deductions available to them…
Why you should file your ITR before by the deadline: Top 3 benefits for taxpayers
Income tax return (ITR) filing season is currently underway and all tax return forms for financial year 2025-26 (AY 2026-27) have been notified by the income tax department. However, many…
ITR filing 2026: Received dividend income or bonus shares? Here’s how they are taxed and reported
Many investors receive benefits from their stock holdings in the form of dividend income or bonus shares. While these may seem like attractive rewards, they come with certain tax implications…
ITR filing AY 2026-27: Essential documents you should keep ready for hassle-free return filing
Income Tax Return (ITR) filing for AY 2026–27 is underway, and taxpayers must keep key financial documents ready before filing their returns. These documents are useful for reporting income, verifying…