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Direct Tax

Articles on Direct Tax

160 articles
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Direct Tax

Gratuity Taxation Under Income Tax Act 2025: Exemption Limits & Rules Explained

Gratuity exemption under Schedule II of ITA 2025 — government employees fully exempt, private sector Rs 20 lakh limit, c...

Mar 26, 2026 by Vikas Sharma 3 min
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Direct Tax

Leave Encashment Taxation Under Income Tax Act 2025: Rs 25 Lakh Exemption Guide

Leave encashment tax rules under ITA 2025 — fully taxable during service, government employees fully exempt at retiremen...

Mar 26, 2026 by Vikas Sharma 2 min
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Direct Tax

Online Gaming Tax Under Income Tax Act 2025: 30% Tax & TDS Rules Explained

Online gaming taxation under ITA 2025 — 30% flat rate on winnings (Dream11, poker, rummy), TDS 30% at withdrawal by plat...

Mar 26, 2026 by Vikas Sharma 3 min
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Direct Tax

Salary Income Under Income Tax Act 2025: Complete Computation Guide

Salary income under Sections 15-25 of ITA 2025 — standard deduction Rs 75,000 (both regimes), HRA/LTA exemptions, perqui...

Mar 26, 2026 by Vikas Sharma 4 min
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Direct Tax

NPS Tax Benefits Under Income Tax Act 2025: Sections 125 & 132 Guide

NPS tax benefits under ITA 2025 — Section 125 employee contribution (Rs 1.5L pool), Section 125(1B) extra Rs 50,000 dedu...

Mar 26, 2026 by Vikas Sharma 3 min
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Direct Tax

HUF Taxation Under Income Tax Act 2025: Formation, Benefits & Tax Planning

HUF as separate taxable entity under ITA 2025 — PAN, ITR, Rs 4L exemption, Chapter VIII deductions, Section 157 rebate N...

Mar 26, 2026 by Vikas Sharma 3 min
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Direct Tax

Senior Citizen Tax Benefits Under Income Tax Act 2025: Complete Guide

Tax benefits for senior and super senior citizens under ITA 2025 — Rs 3L/Rs 5L exemption (old regime), no advance tax (S...

Mar 26, 2026 by Vikas Sharma 3 min
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Direct Tax

Income from House Property Under ITA 2025: Annual Value, Deductions & Computation

Complete computation guide for house property income under Sections 20-25 of ITA 2025. Annual Value, 30% standard deduct...

Mar 26, 2026 by Vikas Sharma 4 min
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Direct Tax

Presumptive Taxation Under ITA 2025: Section 44AD, 44ADA & 44AE — Complete Guide

Presumptive taxation under Sections 54-58 of ITA 2025. Business 8%/6% scheme, professional 50% scheme, transport operato...

Mar 26, 2026 by Vikas Sharma 4 min
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Direct Tax

Income Tax Notices Under ITA 2025: Types, Sections & Complete Response Guide

All types of income tax notices under Chapter XVI of ITA 2025. Section 281 defective, Section 287 intimation, Section 28...

Mar 26, 2026 by Vikas Sharma 4 min
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Direct Tax

Partnership Firm & LLP Taxation Under ITA 2025: Remuneration, Interest & Compliance

Partnership firm and LLP taxation under Chapter XVII-A (Sections 302-326) of ITA 2025. 30% flat rate, partner remunerati...

Mar 26, 2026 by Vikas Sharma 4 min
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Direct Tax

How to File Income Tax Return (ITR) Under Income Tax Act 2025: Step-by-Step Guide

Complete step-by-step guide to filing ITR under Section 263 of ITA 2025 — ITR forms, documents, due dates (31 July 2027)...

Mar 25, 2026 by Vikas Sharma 7 min
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