Income tax for salaried Indians under the Income-tax Act 2025 — regime choice, capital gains, HRA, ESOPs and ITR filing. Section numbers cited from the current Act, not the repealed 1961 one.
Tax & Investing › Income Tax Quick Answer The Income-tax Act, 2025 took effect on 1 April 2026, but your ITR for FY 2025-26 (AY 2026-27) is still filed under the OLD Income-tax Act, 1961. You file only ONE return, on the same 31 July 2026 deadline for salaried taxpayers. The new Act first applies to income earned … Read more
Income Tax Tax & Investing | 24 Jun 2026 | 5 min read Quick Answer CBDT circular F.No. 225/56/2026/ITA-II (4 June 2026) lists six categories of income tax returns filed in FY 2025-26 that will be compulsorily selected for complete scrutiny in FY 2026-27. Notices u/s 143(2) must be served by 30 June 2026. If … Read more
Personal Finance › Insurance › Term Insurance India 2026 Term Insurance for Salaried India 2026: How Much Cover, Which Riders, and the Tax Truth By Utkarsh Garg · Founder & Editor · June 2026 · Personal Finance / Insurance Disclosure: This article provides general educational information about term insurance and does not constitute personalised insurance … Read more
Tax & Investing Income Tax · June 2026 · 9 min read Educational content only. This article does not constitute personalised tax advice. Every taxpayer’s income profile, transaction history, and compliance obligations differ. Consult a Chartered Accountant for advice specific to your situation — particularly if you have business income, foreign assets, or multiple exemptions … Read more
ESOPs and RSUs are taxed twice — as salary at exercise and as capital gains at sale. If the shares are foreign, a third obligation applies that has nothing to do with tax.
Real Estate Home Buying · By Utkarsh Garg, Founder & Editor · June 2026 · 9 min read Disclosure: This article is for general informational purposes only and does not constitute financial, legal, or property advice. GST rates, RERA rules, and stamp duty regulations are subject to change and vary by state. Verify all figures … Read more
Tax & Investing Income Tax · June 2026 · 10 min read Disclosure: This article is for educational and general informational purposes only. It does not constitute tax or financial advice. Tax rules, rates, and deadlines change with Finance Acts and CBDT notifications. Verify all figures at incometaxindia.gov.in before making any payment. Consult a qualified … Read more
Tax & Investing · Income Tax · Quick answer 30 sec · Full read 22 min Updated 14 June 2026 — ITAT Ahmedabad ruling added (back-year window for AY 2024-25 and AY 2025-26). A salaried taxpayer with short-term capital gains can face an income-tax demand (about Rs 62,400 in our worked example) when the Section 87A rebate is … Read more
Five rules govern this filing season, and three affect every salaried filer with equity exposure. A single ELSS redemption makes ITR-2 mandatory, and Section 87A does not reduce your capital gains tax.
Tax & Investing · Income Tax · Quick answer 30 sec · Full read 21 min Updated 2 June 2026. Figures verified against Finance Act 2025 and CBDT Circular No. 13/2025. For FY 2025-26, the New Tax Regime makes gross salary up to Rs 12.75 lakh effectively zero-tax — a Rs 60,000 Section 87A rebate plus a Rs 75,000 standard … Read more