Tax Planning

ITR-4 (Sugam) for FY 2025-26: Who Can File Under 44AD, 44ADA and 44AE

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Last updated: August 2026 — FY 2025-26 (AY 2026-27) ITR-4 (Sugam) is the simplified return form for small businesses and professionals who declare income on a presumptive basis under Sections 44AD, 44ADA or 44AE. It replaced the old ITR-4S form in 2017. This guide explains exactly who can file ITR-4 for FY 2025-26, who is … Read more

Section 87A Tax Rebate FY 2025-26 – Zero Tax up to Rs. 12 Lakh (New Regime)

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Last Updated: June 2026 — FY 2025-26 (AY 2026-27) Section 87A of the Income Tax Act provides a tax rebate that reduces your income tax liability to zero if your total income is within the specified limit. This is one of the most beneficial provisions for middle-income taxpayers in India. Section 87A Rebate for FY … Read more

Form 15G and 15H – How to Save TDS on FD Interest FY 2025-26

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Last Updated: June 2026 — FY 2025-26 (AY 2026-27) Forms 15G and 15H are declarations you submit to your bank or financial institution to prevent TDS deduction on interest income when your total income is below the taxable limit. Form 15G vs Form 15H Feature Form 15G Form 15H Who submits Individuals below 60 years, … Read more

Section 80EE Additional Deduction of Interest upto Rs.1 Lakh on Home Loan for First Home Buyer

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In Budget 2013, New Section 80EE, has been introduced. Benefit of section 80EE is available for new home loan buyer Highlights of Section 80EE are: Additional deduction is available to only Individuals. Benefit of Section 80EE available only, if you have no existing house, in your name. You have bought a new house, and House cost of the … Read more

Section 80TTA Deduction – Interest on deposits in savings account is exempt from Income tax

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Deduction in respect of interest on deposits in savings account (Section 80TTA): Section 80TTA has been introduced from this Financial Year [2012-13] and it allows to an Individual or HUF from his gross total income if it includes any income by way of interest on deposits (not being time deposits) in a savings account a … Read more

Increase in Employees Contribution in Provident fund will reduce take home salary

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EPFO (Employee Provident Fund Organisation) as issued a circular on 30.09.2012. According to Circular, EPF (Employees Provident) should be deducted on total salary. Total Salary for purpose EPF calculation will be Basic Salary + DA + Conveyance Allowance + House Rent Allowance+ Education Allowance+ Travel Allowance + Medical Allowance+ Night Allowance+ Uniform Allowance+ any other … Read more