All guides
Income tax for tax year 2026-27 under the Income-tax Act, 2025: new and old regime slabs, the ₹12 lakh rebate, deductions, capital gains, TDS, advance tax and ITR dates.
Tax rates and 2026 rules
- Advance tax 2026-27: due dates, who must pay, and interest for shortfalls
Advance tax for tax year 2026-27: the 15 June, September, December and March instalments, the ₹10,000 threshold and 1% monthly interest on shortfalls.
- Capital gains tax rates 2026-27: 20% STCG, 12.5% LTCG and the ₹1.25 lakh exemption
Capital gains tax on shares, equity and debt mutual funds, gold and property for tax year 2026-27 under sections 196, 197 and 198 of the Income-tax Act, 2025.
- Income-tax Act, 2025 vs 1961: new section numbers for 80C, 87A, 115BAC, 139 and more
Where 80C, 87A, 115BAC, 139 and other familiar sections moved in the Income-tax Act, 2025, and what the new tax year concept means.
- Income tax rules for tax year 2026-27: what individuals need to know under the Income-tax Act, 2025
Tax year 2026-27 under the Income-tax Act, 2025: new regime slabs, ₹12 lakh rebate, ₹75,000 standard deduction, capital gains, TDS and due dates.
- New tax regime slabs 2026-27: the ₹12 lakh rebate, marginal relief and who pays nothing
New regime slabs for tax year 2026-27, the section 156 rebate of up to ₹60,000, marginal relief above ₹12 lakh and the ₹75,000 standard deduction.
- Old vs new tax regime 2026-27: break-even deductions at every salary level
Which regime is better for 2026-27? Break-even deduction tables for salaried taxpayers, worked profiles, switching rules and special cases.
- TDS and TCS basics for 2026-27: salary, FD interest, rent, fees and foreign remittances
TDS on salary (section 392) and other payments (section 393), common rates and thresholds, TCS on remittances and claiming credit for 2026-27.
Calculations and checklists
- Capital gains tax calculation examples: mutual funds, shares, SIPs, losses and harvesting
Worked capital gains examples for 2026-27: SIP redemptions, FIFO, loss set-off, the ₹1.25 lakh exemption, gain harvesting and pre-2018 shares.
- 80C, 80D and NPS under the Income-tax Act, 2025: new section numbers, limits and who can claim
80C, 80D and NPS under the Income-tax Act, 2025: new sections 123, 126 and 124, limits for tax year 2026-27 and what the new regime still allows.
- Home loan tax benefit 2026-27: ₹2 lakh interest, principal deduction and let-out property rules
Home loan tax benefits for 2026-27: ₹2 lakh interest on a self-occupied home, principal under section 123, let-out rules and joint loans.
- HRA exemption calculation for 2026-27: the three-way test, metro rule and rent receipts
How to calculate the HRA exemption in the old regime for 2026-27: the three-way test, metro and non-metro examples, rent to parents and landlord PAN.
- How to calculate income tax for 2026-27: four worked examples under both regimes
Step-by-step income tax calculations for 2026-27: a ₹12.75 lakh salary, ₹18 lakh with deductions, a senior pensioner and an investor.
- ITR filing checklist: documents, choosing the right form and e-verification
Documents to collect before filing an income tax return, how to choose between ITR-1, ITR-2, ITR-3 and ITR-4, reconciling AIS, and e-verifying within 30 days.
- Take-home salary calculation for 2026-27: from CTC to in-hand pay, with tax under both regimes
How to turn CTC into monthly in-hand salary for 2026-27: employer PF, gratuity, professional tax and TDS under both regimes, with examples.
- Tax-saving investments compared for 2026-27: PPF, ELSS, NPS, tax-saver FD, SSY and insurance
PPF, ELSS, NPS, tax-saver FD, SSY and insurance compared for the old regime in 2026-27: lock-in, tax on returns, risk and when it is not worth it.
Mistakes and official sources
- AIS and Form 26AS mismatch: how to check, give feedback and respond to an income tax notice
What AIS, TIS and Form 26AS show, why mismatches trigger income tax notices, how to submit AIS feedback and how to respond to a mismatch.
- Common income tax mistakes in India and how to fix them (2026-27)
The income tax mistakes that cost most: late filing, wrong regime, missed AIS income, job-change shortfalls, challan errors and fake claims, with fixes.
- Income tax refund delayed? Common reasons and how to get it released
Why income tax refunds are delayed: unvalidated bank account, inoperative PAN, unverified return, demand adjustment, and how to get a reissue.
- ITR due date and late fee: 31 July, belated and revised returns, and what you lose by filing late
ITR due dates under section 263, the ₹5,000 late fee, 1% monthly interest, belated and revised returns, and losing the old regime by filing late.
- Official income tax sources in India: where to check the Act, rates, forms and your own records
Official sources for Indian income tax: incometaxindia.gov.in, the e-filing portal, TRACES, India Code and e-Gazette, and how to verify a rule.
- File your ITR yourself or hire a CA? Costs, risks and when professional help pays off
Self-filing on the free portal, filing platforms, tax preparers or a chartered accountant: what drives the cost, who needs help and warning signs.
- Updated return (ITR-U): 48-month window, additional tax of 25–70% and when you cannot use it
Updated returns under section 263(6): the 48-month window, additional tax of 25–70%, when you cannot file one, and a worked example.