Category: Income Tax

Budget 2025: No Income Tax on Earnings Up to ₹12.75 Lakh in the New Tax Regime With Automatic Income Tax Preparation Software in Excel for Govt & Non-Govt Employees For F.Y.2025-26 as per Budget 2025

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7 New Income Tax Rules From FY 2025-26 For Salaried Employees | With Automatic Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E from F.Y.2000-01 to F.Y.2025-26

Introduction Imagine earning a full year’s salary and not paying a single rupee in taxes. Sounds like a dream, right? Well, Budget 2025 has turned that dream into reality for millions of salaried taxpayers. With the Finance Minister announcing that earnings up to ₹12.75 lakh under the new tax regime remain tax-free, middle-class families now have more room to breathe financially. In this article, we’ll explore the highlights of Budget 2025, from revised tax slabs and rebates to the impact on savings, investors, and even how Excel-based software can simplify…

Post Office MIS + RD Returns: Can You Really Earn 8.8%? The Truth Behind the Viral Claim

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Post Office MIS, RD Returns, interest Rate of Post Office MIS, recurring deposit interest in the Post Office or State Bank, P.P;F. Can You Really Earn 8.8%? The Truth Behind the Viral Claim

When social media says you can earn 8.8% returns from the Post Office MIS + RD combo, it sounds like a golden ticket, doesn’t it? A safe, government-backed plan with such high returns seems irresistible. But is it truly possible, or is it another viral myth waiting to be busted? Let’s unpack this claim with real data, understand how Post Office MIS and RD actually work, and calculate the real XIRR (Extended Internal Rate of Return). By the end, you’ll clearly see whether this “8.8% trick” holds water — or…

Income Tax for FY 2025-26: a Complete Guide with Automatic Income Tax Preparation Software All in One in Excel for all the salaried persons for the F.Y.2025-26

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Income Tax for FY 2025-26: a Complete Guide with Automatic Income Tax Preparation Software All in One in Excel for all the salaried persons for the F.Y.2025-26

Introduction Do you ever feel like income tax is a puzzle you must solve every year? You’re not alone. Millions of taxpayers across India ask the same question: How do I calculate and pay the right amount of tax while making the most of available deductions? The Details of the Income Tax Act 2025, as per Budget 202,5, bring several important updates for taxpayers. Whether you’re a salaried employee, a business owner, or self-employed, understanding the new rules helps you plan better and save smarter. Think of income tax like…

Download Automatic Income Tax Preparation Software All in One in Excel for the Government and Non-Government Employees for the F.Y.2025-26

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Tax on Savings Bank Interest: Complete Guide to Deductions Under Section 80TTA for the F.Y.2025-26

Introduction to Income Tax Preparation Software Filing income tax returns has always been a stressful task for both government and non-government employees. Every financial year, employees face the hassle of calculating their tax liability, exemptions, deductions, and compliance with the latest rules. Therefore, for the financial year 2025-26, the demand for an automatic income tax preparation software in Excel has surged dramatically. Why? Excel-based tools provide a simple, offline, and user-friendly solution that allows employees to prepare, calculate, and plan taxes without complex technical knowledge. In other words, this software…

GST Cut Lifts Hopes, Yet Demand Remains Uneven Across the Retail Sector – What’s the Big Concern?

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New GST Rates 2025: Complete List of Revised GST Percentages

Introduction The Goods and Services Tax (GST) cut has sparked a wave of optimism across India’s retail industry. With festive sales on the rise and reduced GST rates for everyday items, many had hoped for a broad-based boom in consumption. Yet, the story isn’t entirely uniform. While some sectors like electronics and jewellery have benefited from the GST cuts, others, such as footwear and quick-service restaurants (QSRs) continue to face uneven demand. In this detailed article, we will explore how these GST reforms are reshaping the retail landscape, what experts…

GST Reforms for a New Generation 2025

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New GST Rates 2025: Complete List of Revised GST Percentages

The GST reforms introduced in September 2025 have completely redefined India’s taxation system, focusing on affordability, innovation, and youth empowerment. Indeed, these reforms represent a paradigm shift that aims to simplify taxes, reduce costs, and promote inclusive economic growth. Moreover, they align with India’s broader vision of fostering self-reliance, entrepreneurship, and equitable prosperity for all. Introduction: A Transformative Step Toward an Empowered Economy The Government of India introduced comprehensive GST reforms in 2025 to build a new tax ecosystem that nurtures innovation, supports employment, and boosts affordability. Through these changes,…

Deduction under Chapter VI-A for the Old Tax Regime as per Budget 2025

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80TTA & 80TTB

1. Introduction to Chapter VI-A Deductions When it comes to tax planning in India, Chapter VI-A of the Income Tax Act plays a central role. This section provides taxpayers with an array of deductions that reduce their taxable income, thereby lowering their overall tax liability. These deductions cover a wide spectrum of expenses and investments, ranging from life insurance premiums and provident fund contributions to health insurance, donations, and education loans. Chapter VI-A is not just about saving money—it is about encouraging responsible financial habits. The government uses this chapter…

Overview of the Old and New Tax Regimes under the Income Tax Act 2025

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New Tax Regime or Old Regime: Which is Better for Salaried Class? With Automatic Income Tax Calculator All in One for the All Salaried Class for the F.Y.2025-26

As the Income Tax Act 2025 continues to evolve, taxpayers in India face a crucial choice — whether to follow the Old Tax Regime or transition to the New Tax Regime. Both systems aim to simplify taxation and promote financial transparency; however, they differ significantly in their approaches to deductions, exemptions, and tax slab rates. In this detailed guide, you will clearly understand how the two regimes work, their advantages, drawbacks, and how to choose the one that maximises your savings. Table of Contents Sr# Headings 1 Introduction to Tax Regimes in India…

Most of Taxpayers opt in New Tax Regime, Leave the Old Tax Regime as per Budget 2025

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New Tax Regime or Old Regime: Which is Better for Salaried Class? With Automatic Income Tax Calculator All in One for the All Salaried Class for the F.Y.2025-26

Introduction The Union Budget 2025 brought a significant shift in how people view their taxes. Most taxpayers opt in the New Tax Regime, leaving the old tax regime as per the Budget 2025, showing that the simplified system and lower rates are finally winning hearts. But what made taxpayers make this move? Is it truly beneficial, or just a temporary trend? In this article, we’ll delve into the reasons, benefits, and key differences between the two regimes, helping you understand why the new tax regime is becoming the preferred choice for millions. Table…

Tax on Savings Bank Interest: Deductions U/s 80TTA | With Automatic Income Tax Calculator All in One with Form 10E for the Govt & Non-Govt Employees for F.Y.2025-26

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Optional Tax Regime U/s. 115BAC: Exemptions & Deductions Not Allowed

Most of us keep a savings account, but here’s the catch—the interest you earn on it is taxable. Many people don’t realise that the seemingly small amounts of interest can add up and impact their income tax return. Under the Income Tax Act, this interest is considered “Income from Other Sources.” Fortunately, Section 80TTA of the Income Tax Act comes to the rescue. It allows taxpayers to claim a deduction of up to ₹10,000 on the interest earned from savings bank accounts. This benefit is only available under the old…