May 2026

The Income Tax Department of India has renumbered almost all major income tax forms with effect from 1 April 2026. While the content and purpose of these forms largely remain unchanged, the form numbers have been revised under a new structured numbering system. This article provides a complete old-to-new form number mapping, explains what each […]

May 18, 2026 admin If you deduct TDS but miss a deposit deadline or skip filing your return on time – the Income Tax Department has clear penalties waiting for you. This article covers every major TDS penalty under the Income Tax Act, from interest on late deposits to the risk of rigorous imprisonment under

May 15, 2026 Choosing between the old and new tax regime is one of the most important financial decisions salaried individuals face in India. For FY 2026-27, the government has made the new tax regime even more attractive by raising the tax-free income limit to Rs. 12.75 lakhs for salaried employees, while the old regime

May 2, 2026 admin Filing your Income Tax Return (ITR) on time is one of the most important financial obligations for every Indian taxpayer. Miss the deadline, and the Income Tax Department can charge you a late filing fee, interest on unpaid taxes, and other penalties – all of which can quietly add up. This

May 1, 2026 admin If you are wondering when to file your income tax return for FY 2025-26, you are in the right place. The due dates for ITR filing (Assessment Year 2026-27) vary depending on your taxpayer category – salaried individuals, business owners, and companies all have different deadlines. Missing these dates can attract