Tax Planning

The Gujarat High Court has held that the Income Tax Department cannot retrospectively apply the expanded powers under Section 55A to reopen old property valuation disputes. The ruling offers clarity for taxpayers involved in legacy capital gains cases.

A ₹30 lakh annual salary doesn't mean your entire income is taxed at 30%. After the ₹75,000 standard deduction under the new regime, slab-wise taxation, and a 4% health and education cess, the total tax liability comes to ₹475,800, resulting in an effective tax rate of just 15.86%.

Capital gains tax can be minimized through strategic planning and compliance with the Income Tax Act. Taxpayers may claim exemptions, utilize capital losses, consider holding periods, maintain accurate records, and time sales effectively to reduce their tax liability legally.

Investment planning should align with current finances, risk tolerance, and future goals. The Public Provident Fund (PPF) offers a safe, low-risk option for long-term savings, providing tax benefits and guaranteed returns, making it an ideal choice for wealth building.

Budget 2025's enhanced tax rebate has made a ₹12 lakh salary effectively tax-free under the new regime. But can HRA, NPS and other deductions help the old regime catch up? A detailed comparison shows the answer.

Dearness Allowance impacts salaries and pensions in India. We explain how DA calculation, taxability, benefits, types and 2026 updates help employees and pensioners manage inflation and plan their finances effectively.

Ignoring ITR filing in 2026 can trigger penalties, delayed refunds and lost tax benefits. Timely Income Tax Return filing helps protect your financial record, supports loan and visa applications, and ensures compliance with tax rules while preserving important tax advantages.

Public provident fund: Here's how monthly deposit of ₹10,000 per in your or your child's PPF account ( ₹1.2 lakh annually) can earn up to ₹5.40 crore at time of retirement. A total of ₹1.5 lakh annually is also exempt under the old tax regime.

A total of ₹1.5 lakh annual contribution towards the public provident fund (PPF) is exempt under Section 80C of the Income-Tax Act for taxpayers filing as per the old tax regime.