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Section 87A for Senior Citizens: Tax Rebate Details and Eligibility Explained
Section 87A of the Income Tax Act, 1961 , offers a valuable tax rebate for senior citizens, providing relief from their income tax...

Rajesh Kumar Kar
Apr 228 min read
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Section 194IA and Form 16B: Understanding TDS on Property in Excess of ₹50 lakh
When buying immovable property in India, buyers must comply with the deduction of Tax Deducted at Source (TDS) under Section 194IA of the...

Rashmita Choudhary
Apr 2113 min read
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How to Claim Section 80D Deduction in ITR 1
Section 80D of the Income Tax Act, 1961 offers valuable tax benefits designed to reduce the financial burden of medical expenses. It...

Rajesh Kumar Kar
Apr 1712 min read
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Section 80D Deduction Limit for Health Insurance in FY 2024-2025
Health insurance premiums can offer significant tax relief under Section 80D of the Income Tax Act, but the deduction limits vary based...

Nimisha Panda
Apr 149 min read
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80CCD Deduction Limit Under the New Tax Regime (FY 2025-26)
With the revised income tax regime gaining momentum from April 1, 2025, understanding which deductions still apply has become critical,...

Rajesh Kumar Kar
Apr 147 min read
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Section 80CCD(1) vs. 80CCD(1B): How to Maximize NPS Tax Benefits?
If you are investing in the National Pension System (NPS) , you have probably come across Section 80CCD(1) and Section 80CCD(1B) of the...

Rajesh Kumar Kar
Apr 137 min read
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Advance Tax & Capital Gains: How to Estimate & Pay Tax on Shares & Mutual Funds
If you have earned profits from selling shares or mutual funds, you are likely dealing with capital gains tax. A crucial yet often...

Nimisha Panda
Apr 910 min read
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Penalty for Late Advance Tax Payment & How to Avoid It
Paying taxes on time is crucial to avoiding unnecessary penalties, but what happens when you miss the deadlines for advance tax payments?...
Farheen Mukadam
Apr 812 min read
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Is Advance Tax Mandatory for Rental Income Earners? How to Calculate & Pay
If you earn income from renting out property, you may be required to pay advance tax if your totatax liability exceeds ₹10,000 in a...

Rajesh Kumar Kar
Apr 89 min read
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How to File Revised Returns If Advance Tax Payments Were Incorrect
Filing a revised return becomes necessary when there are errors in advance tax payments , as incorrect payments can lead to underpayment...

Asharam Swain
Apr 77 min read
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