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Put the numbers to work
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This isn't a wire service or a paid newsletter. It's a running set of notes I keep while filing my own taxes and tracking the rules that affect salaried people, investors and folks holding US RSUs. Everything here is written in plain language and in my own words — for the exact legal position, always check the official income-tax portal or a qualified professional.
Want the background behind a headline? Start with the FY 2025-26 slab guide, the latest tax changes, or the filing due dates.
What's changed for FY 2025-26 (AY 2026-27)
A few evergreen headlines are worth keeping in view no matter when you read this:
- New regime is the default and now runs from a ₹4 lakh basic exemption, with the top 30% rate starting above ₹24 lakh. You must actively opt out to use the old regime.
- Section 87A rebate under the new regime makes total income up to ₹12 lakh effectively tax-free — and up to ₹12.75 lakh for salaried people once the ₹75,000 standard deduction is counted.
- Capital-gains rates were reset from 23 July 2024: 20% short-term (Section 111A) and 12.5% long-term (Section 112A) on listed equity, with the LTCG exemption raised to ₹1.25 lakh a year.
- Higher TDS thresholds on bank interest and other payments reduce paperwork for small savers and senior citizens.
Read the full detail in the latest tax changes guide and the capital gains guide.
Topics we track
The running notes above focus on the things that actually move a salaried taxpayer's or investor's return:
- Income-tax rules & the new regime — slabs, rebate, surcharge, standard deduction and how the default regime affects your take-home.
- Filing deadlines & compliance — the 31 July due date, belated and revised returns, e-verification, and refund timelines.
- Capital gains & investments — equity, mutual funds, property, and how holding periods change the tax.
- RSUs, ESOPs & foreign assets — perquisite tax at vesting, capital gains at sale, and Schedule FA reporting for overseas holdings.
- Personal finance — EPF, PPF, NPS, FDs and loans, and their tax treatment.
How to use these updates responsibly
Tax rules change through the year via the Budget, Finance Act amendments, CBDT circulars and portal updates. Treat everything here as a plain-English starting point, not a final legal position: always cross-check a specific rule against your own AIS/TIS on the official income-tax portal, and consult a qualified professional before acting on anything that affects your money. When you're ready to see what a rule does to your own numbers, open the ITR calculator.