The Income Tax Act, 2025 replaces Assessment Year and Previous Year with a single 'Tax Year' concept under Section 3. This guide explains the old and new systems, practical implications, and what changes for your ITR filing from 1 April 2026.
Read Complete Guide →House Rent Allowance (HRA) exemption under Section 10(13A) of ITA 2025 is the minimum of three amounts: actual HRA, 50%/40% of salary, or rent paid minus 10% of salary. Learn the formula, conditions, and documentation.
The Income Tax Act 2025 replaces 'Previous Year' and 'Assessment Year' with a single 'Tax Year'. This guide explains the change, its implications, and how it affects return filing.
Detailed guide on how salary income is taxed under ITA 2025. Covers standard deduction, HRA, perquisites, Form 16, and how to compute net taxable salary with examples.
Complete guide to income from house property under ITA 2025. Covers annual value computation, 30% standard deduction, home loan interest deduction, and let-out vs self-occupied treatment.
Guide to computing profits and gains from business and profession (PGBP) under ITA 2025. Covers allowable deductions, disallowances, cash payment limits, and book profit computation.
Comprehensive guide to depreciation under ITA 2025. Covers block of assets concept, rates, additional depreciation, WDV computation, and year of purchase restrictions.
Complete guide to presumptive taxation schemes under ITA 2025. Covers section 58 Table Sl. No. 1 (old 44AD) for small businesses, Sl. No. 3 (old 44ADA) for professionals, Sl. No. 2 (old 44AE) for transporters, with eligibility, limits, and filing requirements.
Complete guide to Virtual Digital Asset (VDA) taxation under ITA 2025. Covers 30% flat rate, no deductions except cost of acquisition, TDS at 1%, no set-off of VDA losses, and ITR filing.
Salary restructuring income tax under ITA 2025 -- HRA exemption formula (lowest of three), LTA 2 journeys per 4-year block, employer NPS 10% tax-free (both regimes), perquisites concessional value, Form 12BB declaration, new regime vs old regime comparison.
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