Direct Tax
Articles & Guides
Expert insights on Direct Tax from practising Chartered Accountants — plain language, actionable advice.
Home Loan Tax Benefits Under Income Tax Act 2025: Principal, Interest & Deductions
Home loan tax benefits under ITA 2025 — principal deduction (Section 123), interest on self-occupied property ₹2L (Old Regime), interest on let-out property (both regimes), pre-construction interest, and Section 131 affordable housing.
Income Tax Slabs 2025-26: New Regime vs Old Regime Tax Rates & Calculation
Complete guide to income tax slabs for Tax Year 2026-27. New regime zero tax up to ₹12 lakh, full slab chart, surcharge, cess, corporate tax rates, and detailed calculation examples under ITA 2025.
Section 157 Rebate Under Income Tax Act 2025: Zero Tax Up to ₹12 Lakh Explained
Section 157 of the Income Tax Act, 2025 (equivalent to Section 87A of old Act) provides a rebate up to ₹60,000, making income up to ₹12 lakh completely tax-free. Complete guide on eligibility, calculation, capital gains exclusion, and marginal relief.
New Tax Regime vs Old Tax Regime 2025: Complete Comparison with Calculations
New Tax Regime (Section 202, ITA 2025) is now the default. Which regime saves you more tax? Complete comparison of slabs, deductions, break-even analysis, and when to choose old vs new regime for Tax Year 2026-27.
Standard Deduction ₹75,000 for Salaried & Pensioners: Income Tax Act 2025 Guide
Section 16 of the Income Tax Act, 2025 provides a ₹75,000 standard deduction for salaried employees and pensioners under the new tax regime. Complete guide on eligibility, calculation, pensioners, family pension, and how it helps achieve zero-tax up to ₹12.75 lakh.
5 Heads of Income Under Income Tax Act 2025: Complete Guide with Examples
All 5 heads of income under Sections 13-96 of the Income Tax Act, 2025 — Salary, House Property, Business/Profession, Capital Gains, and Other Sources — explained with examples, deductions, set-off rules, and VDA taxation.
HRA Exemption Under Income Tax Act 2025: Calculation, Rules & How to Claim
HRA exemption under Schedule II of the Income Tax Act, 2025 — the 3-condition formula, metro vs non-metro cities, rent to parents, landlord PAN rules, and how HRA fits in new vs old regime decision for Tax Year 2026-27.
Section 123 & 126 of Income Tax Act 2025: 80C and 80D Deductions Complete Guide
Section 123 (80C equivalent) and Section 126 (80D equivalent) of the Income Tax Act, 2025 — complete guide to all Chapter VIII deductions, eligible investments, health insurance premiums, NPS extra deduction, and how to maximise tax savings under the old regime.
Income Tax Act 2025: Complete Overview — 23 Chapters, 536 Sections & Effective Date
The Income Tax Act, 2025 replaces the Income Tax Act, 1961 from 1st April 2026. This complete guide covers all 23 chapters, 16 schedules, key changes, and what the new Act means for every taxpayer in India.
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