For Rs 15 lakh annual income in FY 2026-27 (AY 2027-28), tax differs sharply between regimes, ignoring deductions/surcharge/cess (4% health & education cess applies to both). New regime offers big savings without exemptions. https://taxgyany.com/ Tax Calculation: Old Regime Assumes basic structure (standard deduction Rs 50,000 not factored here; taxable income Rs 14.5 lakh). Slab (Rs) Taxable … Read more
Made a Mistake in ITR Filing for AY 2025–26? Here’s How to Correct It Filing your Income Tax Return (ITR) on time is important, but rushing at the last minute often leads to mistakes. If you filed your ITR in a hurry for Assessment Year (AY) 2025–26 and later realized there was an error, … Read more
The Income Tax Department of India has begun processing returns for Assessment Year (AY) 2025–26 with over 1.05 crore Income Tax Returns (ITRs) already filed as of early July 2025. Around 95% of these ITRs have been verified, and about 63 lakh have been processed. However, many taxpayers are reporting income tax refund delays this year.
📢 How to Calculate Your Income Tax for AY 2025–26: A Real Example with Table Income Tax season is here, and many people get confused about how to calculate their total taxable income and final tax payable. In this blog, let’s understand the complete step-by-step tax computation for AY 2025–26 (FY 2024–25) using a real-life … Read more
If you’re a business owner, accountant, startup founder, or professional in India, staying on top of monthly tax and statutory compliance is essential. Missing deadlines can result in penalties, interest, and unnecessary stress.
To help you stay organised, here’s a simple, clear, easy-to-follow Compliance Calendar for July 2025 (FY 2025-26).
This guide includes all the important dates for GST returns, TDS payments, TCS returns, PF & ESI, Professional Tax, and more.
✅ Bookmark this page or share it with your team so you never miss a deadline!
