https://indcalculators.com/news.html Plain-English updates on Indian income tax, ITR filing and personal finance. en-IN Fri, 10 Jul 2026 00:00:00 +0530 https://indcalculators.com/news.html 2026-07-10-itr-filing-for-ay-2026-27-is-open-31-july-is-the-date-to-circle Deadlines Fri, 10 Jul 2026 00:00:00 +0530 If your accounts don't need an audit, 31 July 2026 is the last day to file your return for FY 2025-26 without a late fee under Section 234F. File early: the portal slows down in the final week, and any mismatch with your AIS/TIS takes a few days to reconcile. https://indcalculators.com/news.html 2026-07-09-income-up-to-12-lakh-is-effectively-tax-free-under-the-new-regime Income Tax Thu, 09 Jul 2026 00:00:00 +0530 For FY 2025-26, a resident individual with total income up to ₹12 lakh pays zero tax after the enhanced Section 87A rebate (up to ₹60,000). Salaried people get the ₹75,000 standard deduction on top, pushing the comfort zone to roughly ₹12.75 lakh — but special-rate capital gains are taxed separately and don't get the rebate. https://indcalculators.com/news.html 2026-07-08-the-new-regime-slabs-for-fy-2025-26-in-plain-numbers Income Tax Wed, 08 Jul 2026 00:00:00 +0530 Under Section 115BAC the slabs are: nil up to ₹4 lakh, 5% on ₹4–8 lakh, 10% on ₹8–12 lakh, 15% on ₹12–16 lakh, 20% on ₹16–20 lakh, 25% on ₹20–24 lakh and 30% above ₹24 lakh. See how it applies to your figures in the ITR calculator. https://indcalculators.com/news.html 2026-07-08-old-vs-new-regime-run-the-numbers-before-you-lock-it-in Finance Wed, 08 Jul 2026 00:00:00 +0530 The new regime has lower rates but almost no deductions; the old regime keeps 80C, 80D, HRA and home-loan interest. If your deductions are large, the old regime can still win. Our New vs Old comparison shows both side by side so you don't guess. https://indcalculators.com/news.html 2026-07-07-holding-us-rsus-or-espp-schedule-fa-disclosure-is-not-optional RSU/ESOP Tue, 07 Jul 2026 00:00:00 +0530 If you're a resident and hold vested foreign shares or foreign bank/brokerage accounts, you must report them in Schedule FA of ITR-2 — even if you didn't sell anything during the year. A missed Schedule FA is one of the most common notices salaried tech employees receive. https://indcalculators.com/news.html 2026-07-07-how-rsus-are-taxed-twice-at-vesting-and-at-sale RSU/ESOP Tue, 07 Jul 2026 00:00:00 +0530 When RSUs vest, the market value is taxed as a salary perquisite and usually appears in your Form 16. When you later sell, any gain or loss over the vesting price is a capital gain. Foreign tax already withheld can often be claimed back as Foreign Tax Credit by filing Form 67 before your return. https://indcalculators.com/news.html 2026-07-06-advance-tax-on-capital-gains-and-dividends-catches-people-off-guard Finance Mon, 06 Jul 2026 00:00:00 +0530 TDS on salary rarely covers the tax on your share sales, foreign dividends or interest income. If your total extra tax for the year crosses ₹10,000, you're expected to pay advance tax in instalments — otherwise interest under Sections 234B and 234C quietly piles up. https://indcalculators.com/news.html 2026-07-06-the-75-000-standard-deduction-now-applies-in-the-new-regime-too Income Tax Mon, 06 Jul 2026 00:00:00 +0530 Salaried employees and pensioners get a flat ₹75,000 standard deduction under the new regime for FY 2025-26, up from ₹50,000 earlier. You don't need bills or proof — it's allowed automatically against salary income. https://indcalculators.com/news.html 2026-07-05-long-term-gains-on-shares-1-25-lakh-exempt-then-12-5 Income Tax Sun, 05 Jul 2026 00:00:00 +0530 LTCG under Section 112A on listed equity and equity mutual funds is exempt up to ₹1.25 lakh a year; the excess is taxed at 12.5% without indexation. The exemption resets every financial year, so booking gains within the limit each year can keep this tax at zero. https://indcalculators.com/news.html 2026-07-05-short-term-gains-on-shares-are-now-taxed-at-20 Income Tax Sun, 05 Jul 2026 00:00:00 +0530 For sales on or after 23 July 2024, STCG under Section 111A on listed equity and equity funds is taxed at 20% (up from 15%). This flat rate applies regardless of your slab, and — like other special-rate income — it doesn't get the Section 87A rebate. https://indcalculators.com/news.html 2026-07-04-surcharge-is-capped-at-25-under-the-new-regime Income Tax Sat, 04 Jul 2026 00:00:00 +0530 High earners pay a surcharge on top of tax, but the new regime caps the top surcharge at 25% (versus 37% in the old regime). Surcharge on special-rate income such as 111A/112A gains and dividends is separately capped at 15%, and marginal relief prevents the surcharge from exceeding the extra income that triggered it. https://indcalculators.com/news.html 2026-07-04-not-sure-which-itr-form-is-yours-a-quick-rule-of-thumb Deadlines Sat, 04 Jul 2026 00:00:00 +0530 ITR-1 (Sahaj) suits residents with salary, one house property and income up to ₹50 lakh; ITR-2 is for capital gains, multiple properties or foreign income/assets; ITR-4 (Sugam) is for presumptive business or professional income up to ₹50 lakh. Our 'Which ITR form' guide walks you through it. https://indcalculators.com/news.html 2026-07-03-don-t-forget-the-4-cess-on-top-of-your-tax Income Tax Fri, 03 Jul 2026 00:00:00 +0530 A 4% Health & Education Cess is added to your income tax plus any surcharge — it's not optional and applies under both regimes. On a ₹1,00,000 tax bill that's an extra ₹4,000, which our calculator adds automatically. https://indcalculators.com/news.html 2026-07-03-epf-is-earning-8-25-and-it-s-still-one-of-the-safest-deals-around Finance Fri, 03 Jul 2026 00:00:00 +0530 The EPFO interest rate for FY 2024-25 is 8.25%, credited on your monthly running balance, with the corpus staying tax-free (EEE) after five years of continuous service. Watch one catch: interest on your own contributions above ₹2.5 lakh in a year is taxable. Project your corpus with the EPF calculator. https://indcalculators.com/news.html 2026-07-02-nps-gives-you-an-extra-50-000-deduction-the-80c-limit-can-t-touch Finance Thu, 02 Jul 2026 00:00:00 +0530 Beyond the ₹1.5 lakh Section 80C ceiling, NPS offers a separate ₹50,000 deduction under Section 80CCD(1B) in the old regime. At retirement you can take up to 60% of the corpus tax-free and must annuitise at least 40% for a pension. Estimate both with the NPS calculator. https://indcalculators.com/news.html 2026-07-02-employer-nps-contribution-is-deductible-even-in-the-new-regime Finance Thu, 02 Jul 2026 00:00:00 +0530 Most deductions vanish under the new regime, but your employer's NPS contribution under Section 80CCD(2) survives — up to 10% of salary (14% for government employees, and 14% now for others opting for the new regime). It's a rare way to cut taxable income without the old regime. https://indcalculators.com/news.html 2026-07-01-sips-work-because-of-averaging-not-market-timing Finance Wed, 01 Jul 2026 00:00:00 +0530 A Systematic Investment Plan invests a fixed amount each month, buying more units when prices fall and fewer when they rise — rupee-cost averaging that smooths out volatility. Over long horizons, compounding often makes the returns exceed the total you invested. Try a few scenarios in the SIP calculator. https://indcalculators.com/news.html 2026-07-01-before-you-take-that-loan-know-the-total-interest-not-just-the-emi Finance Wed, 01 Jul 2026 00:00:00 +0530 A comfortable-looking EMI can hide a large total interest bill over a long tenure. Shortening the tenure or prepaying early cuts the interest sharply. The EMI calculator breaks your loan into principal versus total interest so the real cost is clear. https://indcalculators.com/news.html 2026-06-30-80c-still-saves-tax-but-only-if-you-pick-the-old-regime Income Tax Tue, 30 Jun 2026 00:00:00 +0530 Section 80C lets you deduct up to ₹1.5 lakh for EPF, PPF, ELSS, life insurance, principal on a home loan, children's tuition and more — but it's available only under the old regime. If your 80C plus other deductions are large, compare both regimes before filing. https://indcalculators.com/news.html 2026-06-29-hra-exemption-is-the-least-of-three-amounts-here-s-how-it-s-set Income Tax Mon, 29 Jun 2026 00:00:00 +0530 In the old regime, your HRA exemption is the smallest of: actual HRA received, rent paid minus 10% of basic, and 50% of basic in metros (40% elsewhere). It's one of the biggest salary exemptions, so calculating it correctly matters when comparing regimes. https://indcalculators.com/news.html 2026-06-28-the-itr-schedules-that-trip-people-up Deadlines Sun, 28 Jun 2026 00:00:00 +0530 Beyond the income figures, ITR-2 has schedules for capital gains, foreign assets (FA), foreign tax credit (Form 67/TR-FA), and details of exempt income — each with its own quirks. Our ITR schedules guide explains where each figure goes so nothing gets missed. https://indcalculators.com/news.html 2026-06-27-small-business-or-professional-presumptive-taxation-cuts-the-paperwork Income Tax Sat, 27 Jun 2026 00:00:00 +0530 Under Sections 44AD/44ADA (ITR-4, Sugam), eligible small businesses and professionals can declare income as a fixed percentage of turnover — 8%/6% for business, 50% for professionals — without maintaining detailed books, as long as turnover stays within the limits. https://indcalculators.com/news.html 2026-06-26-interest-income-is-taxable-and-often-under-reported Income Tax Fri, 26 Jun 2026 00:00:00 +0530 Interest from savings accounts, fixed deposits and the income-tax refund is fully taxable and shows up in your AIS, so it's easy for the department to spot if you leave it out. In the old regime, 80TTA (₹10,000) and 80TTB (₹50,000 for seniors) give some relief; the new regime does not.