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In today’s hyper-competitive retail banking landscape, customer retention hinges on offering more than just savings accounts and loans, it demands embedded financial wellness tools that solve real problems. A recent report mentions that an estimated 55% of Indian banking customers expect improved digital support from the app. Consider a banking app that manages funds, guides tax filing, and verifies income instantly, all in one journey. TaxBuddy’s ITR filing APIs make this po

Think about what it means to earn a living as a creator in India today. A YouTube channel generates ad revenue paid in US dollars by a foreign entity. A Substack newsletter earns subscription income from readers in six countries. An Instagram page attracts brand sponsorship deals negotiated informally, paid to a personal account. A course sold on a homegrown platform brings in direct payments. All of this income is real. Some of it is already visible to the income tax departm

Think about what it means to earn a living through gig work. The income is real. The TDS deducted on every payout is real. The AIS entry that a platform or client generates when they pay you is real and visible to the income tax department. But for a large number of gig workers in India, the formal tax return has never been filed. Not because the income did not exist, but because the infrastructure that turns earned income into a formal tax identity was never built for the wa

Advance tax payment is required when your estimated tax liability for the year exceeds the prescribed limit after reducing TDS and TCS. Instead of waiting until return filing, taxpayers are expected to pay income tax during the year as income is earned. This is why advance tax is often called the “pay-as-you-earn” system. For FY 2026-27, advance tax becomes especially important because the Income Tax Act, 2025 applies from 1 April 2026, and the e-filing portal has also introd

Advance tax is income tax paid during the financial year based on estimated income. Instead of paying the full tax amount at the time of ITR filing, eligible taxpayers pay it in installments during the year. For FY 2026-27, advance tax applies when the estimated tax payable after reducing TDS and TCS is ₹10,000 or more. Regular taxpayers generally pay advance tax in four installments. However, eligible taxpayers covered under the presumptive taxation provisions follow a diffe

Many taxpayers assume that platforms like TaxBuddy are limited to income tax return filing. However, modern tax compliance requires much more than just submitting returns once a year. From tax planning and GST compliance to handling notices and managing multiple income sources, the scope has expanded significantly. TaxBuddy addresses these needs by offering a structured system that supports individuals and businesses across different financial activities. It combines automati

TaxBuddy is not limited to filing income tax returns. It works as a complete tax and compliance platform that supports individuals, freelancers, and businesses throughout the financial year. From tax planning and GST compliance to notice handling and business registrations, it covers multiple areas under the Income Tax Act, 1961 and related laws. Many taxpayers focus only on filing returns, but real financial efficiency comes from planning, compliance, and continuous monitori

If you have earned profits from selling shares or mutual funds, you are likely dealing with capital gains tax. A crucial yet often overlooked part of tax planning. These gains don’t just add to your income; they also come with their own tax treatment, timelines, and compliance requirements under Indian tax laws. What makes things more complex is the obligation to pay advance tax on these capital gains. Many investors fail to comply with advance tax provisions and this leads t

A Lower Deduction Certificate under Section 197 of the Income Tax Act allows taxpayers to reduce or eliminate Tax Deducted at Source when their actual tax liability is lower than the standard TDS rate. This helps avoid excess tax deductions and improves cash flow by reducing the need to claim refunds later. The certificate is issued by the Assessing Officer based on estimated income and tax liability. Understanding how this mechanism works is important for individuals and bus

A Hindu Undivided Family (HUF) is treated as a separate taxable entity under the Income Tax Act, 1961. Families can pool assets, maintain separate financial records, and file income tax returns independently from individual members. This structure allows a HUF to claim its own tax slabs and deductions, creating additional opportunities for tax planning. However, the process of creating a HUF deed, applying for PAN, opening a bank account, and filing returns can appear compli