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Income tax

For salaried people and pensioners. Rates for FY 2026-27, the first tax year under the Income-tax Act, 2025.

Tax on common salaries

Learn income tax

What is income tax?Who pays, how income is taxed and how the tax is collected
Old vs new tax regime: which should you choose?Slabs, deductions and the break-even point, with worked numbers
Income tax slabs for tax year 2026-27Slab rates for both regimes, with tax at every slab boundary
Standard deduction for salaried employees and pensionersA flat ₹75,000 (new) or ₹50,000 (old) off salary and pension
Tax rebate under section 87A (now section 156)Zero tax up to ₹12 lakh income, and marginal relief just above it
Income-tax Act, 2025: what changed and what did notThe tax year, new section numbers and what stayed the same
How to calculate income tax on your salarySeven steps from gross salary to final tax, with a full example
TDS on salary: how your employer deducts taxHow employers estimate, deduct and report tax on your salary
Form 16 and the new Form 130 explainedYour salary TDS certificate: what it shows and how to use it
How to file your income tax return onlineEight steps on the e-filing portal, plus due dates and late fees
Which ITR form should you file?Match your income to ITR-1, ITR-2, ITR-3 or ITR-4
Advance tax: who pays, due dates and interestPay-as-you-earn tax in four instalments, and the interest if you miss
Tax year vs assessment year: what the new term meansWhy AY 2026-27 and tax year 2026-27 are different years
Section 80C: the ₹1.5 lakh deduction explainedWhat counts under 80C, the ₹1.5 lakh cap and when it helps
Section 80D: tax deduction for health insuranceHealth insurance deduction limits for you and your parents
NPS tax benefits explainedThe three NPS deductions and which ones work in the new regime
HRA exemption: how much of your house rent allowance is tax-freeThe 3-part HRA formula, the new 8-city rule and a worked example
Home loan tax benefitsInterest up to ₹2 lakh, principal under 80C, and new regime rules
Capital gains tax: the basicsShort and long-term gains on shares, funds and property
Form 26AS and AIS explainedYour tax passbook: what 26AS and AIS show and how to check them
PAN card: what it is and how to get oneYour 10-character tax ID: format, applying and common uses
How to link Aadhaar with PANSteps, the ₹1,000 late fee and what an inoperative PAN means
Income tax on pensionHow pension, commutation and family pension are taxed
Section 89 relief on salary and DA arrearsAvoid extra tax on DA, pay and pension arrears with Form 10E
TDS vs TCS: what is the difference?Tax deducted vs tax collected at source, with common examples
Income tax refund: how it worksClaiming, tracking and fixing a stuck income tax refund
ITR due dates: when to file your income tax return31 July, 31 August or 31 October: which ITR deadline applies to you
Belated and revised returns explainedFiling late, fixing mistakes and the new 31 March revision window
How fixed deposit interest is taxedSlab-rate tax, 10% TDS above ₹50,000, Form 121 and 80TTB
How rental income is taxedRent minus municipal tax, minus 30%, minus loan interest, at slab rates
Are gifts taxable in India?Relatives tax-free; others taxable once they cross ₹50,000 a year
Tax on gratuity, leave encashment and commuted pensionRetirement lump sums: fully exempt for govt staff, capped for others
Presumptive taxation under 44AD and 44ADADeclare 6%, 8% or 50% as profit and skip detailed accounts
Form 12BB, now Form 124: declaring rent and investments to your employerThe declaration for HRA, LTC, home loan and 80C, renamed Form 124
Tax on 8th Pay Commission arrears and how to get reliefHow a lump sum of pay arrears is taxed and how Form 39 relief works
Income tax for senior citizens and super senior citizensSlabs, deductions, TDS limits and filing rules for people over 60 and 80
Tax-saving options in the new tax regimeEmployer NPS, standard deduction, rebate and exemptions that still work
Hindu Undivided Family (HUF) and income taxHow a Hindu Undivided Family gets its own PAN, slabs and deductions