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Direct Tax

Articles on Direct Tax

118 articles
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Direct Tax

Interest Income Taxation Under ITA 2025: FD, Bonds, NSC & P2P Lending Guide

Interest income taxation under ITA 2025 — bank FD slab rate, savings Rs 10K deduction (old), NSC accrual annual basis, S...

Mar 26, 2026 by Vikas Sharma 3 min
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Direct Tax

Real Estate Builder and Developer Taxation Under ITA 2025: Section 43CA, JDA & 80IBA

Real estate builder tax under ITA 2025 — Section 43CA deemed sale at stamp duty value, Section 45(5A) JDA capital gains ...

Mar 26, 2026 by Vikas Sharma 3 min
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Direct Tax

NPS (National Pension System) Under ITA 2025: Three-Layer Tax Deduction Guide

NPS taxation under ITA 2025 — Section 123 (within Rs 1.5L), Section 125(1B) extra Rs 50K, Section 132 employer NPS both ...

Mar 26, 2026 by Vikas Sharma 2 min
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Direct Tax

Advance Tax for Business Under ITA 2025: Quarterly Schedule & Computation Guide

Advance tax for business under ITA 2025 — quarterly instalments (15 June 15%, 15 Sept 45%, 15 Dec 75%, 15 March 100%), c...

Mar 26, 2026 by Vikas Sharma 2 min
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Direct Tax

HUF Advanced Tax Planning Under ITA 2025: Formation, Income & Partition Guide

HUF tax planning under ITA 2025 — separate taxable entity, own basic exemption, Section 157 rebate up to Rs 12L, HUF for...

Mar 26, 2026 by Vikas Sharma 3 min
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Direct Tax

Salary Income Computation Under ITA 2025: HRA, Standard Deduction & Perquisites

Salary computation under ITA 2025 — standard deduction Rs 75K, HRA exemption computation, perquisites valued per Rule 3,...

Mar 26, 2026 by Vikas Sharma 3 min
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Direct Tax

Section 44B, 44BB & 44BBA: Shipping, Oil & Aircraft Presumptive Tax Under ITA 2025

Specialized presumptive taxation for non-residents under ITA 2025 — Section 44B shipping 7.5%, Section 44BB oil explorat...

Mar 26, 2026 by Vikas Sharma 3 min
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Direct Tax

Senior Citizen Tax Benefits Under ITA 2025: Rs 3L/5L Exemption & Rs 50K Interest

Senior citizen tax benefits under ITA 2025 — Rs 3L/5L basic exemption (old regime), Rs 50K interest deduction, no advanc...

Mar 26, 2026 by Vikas Sharma 3 min
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Direct Tax

Corporate Tax Rates Under ITA 2025: 22% Section 115BAA, 15% Manufacturing & MAT

Corporate tax rates under ITA 2025 — 30% default, 22% Section 115BAA (no exemptions), 15% Section 115BAB (new manufactur...

Mar 26, 2026 by Vikas Sharma 3 min
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Direct Tax

ITR Filing Step-by-Step Guide for Tax Year 2026-27: How to File Online

ITR filing guide for Tax Year 2026-27 — preparation checklist, form selection, online filing at incometax.gov.in, e-veri...

Mar 26, 2026 by Vikas Sharma 3 min
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Direct Tax

All Income Tax Deductions Under Chapter VIII of ITA 2025: Complete List

All Chapter VIII deductions under ITA 2025 — Section 123 (80C) Rs 1.5L, NPS Rs 50K extra, health insurance Rs 25K-1L, ed...

Mar 26, 2026 by Vikas Sharma 3 min
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Direct Tax

GST and Income Tax Interaction Under ITA 2025: Turnover, TDS & Reconciliation

GST and income tax interaction under ITA 2025 — GST collected not income, ITC not income, GST paid deductible (Section 3...

Mar 26, 2026 by Vikas Sharma 3 min
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