Direct Tax
Articles & Guides
Expert insights on Direct Tax from practising Chartered Accountants — plain language, actionable advice.
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, computation formula (15/26 × salary × years), lifetime aggregate rule.
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 retirement, private sector Rs 25 lakh lifetime limit, computation formula, death exemption.
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 platform, net winnings concept, no deductions, no loss set-off, ITR reporting.
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, perquisites valuation, ESOP taxation, Form 16, computation examples.
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 deduction, Section 132 employer contribution (both regimes), maturity taxation.
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 NOT available to HUF, Karta salary, clubbing anti-avoidance, tax planning strategies.
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 (Section 396), Section 153 Rs 50,000 FD interest, Section 126 Rs 50,000 health insurance.
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 deduction, home loan interest, two SOP rule, deemed let-out, and loss set-off.
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 operators — eligibility, limits, advance tax, and 5-year lock-out rule explained.
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