Income Tax & Salary

Income Tax and Salary Hub

Everything on filing your return, choosing a tax regime, salary structuring and TDS, capital gains, house property and the transition to the Income-tax Act, 2025 — organised so you can find the specific guide you need, not scroll through hundreds of articles. Each guide cites the applicable FY/AY and Act/Rules, with a last-reviewed date.

Want the Full Bare Act, Chapter by Chapter?

This hub covers practical, persona-specific filing guidance. For the complete Income-tax Act, 2025 — all 23 chapters and the Schedules with bare provisions, decode and professional cases — see the Income-tax Act, 2025 Full Study Guide Hub.

Start Here: Filing & Regime Choice

Salary, TDS & HRA

Capital Gains

House Property

NRI Taxation

Income-tax Act 2025 Transition

🧾 Income Tax Calculator 💼 Salary Optimizer 📊 Capital Gains Calculator 🏠 Buy vs Rent Calculator 🏡 HRA Exemption Calculator 💵 CTC to In-Hand Calculator ✂️ TDS Calculator 📋 ITR Form Selector 🏘️ House Property Income 🏦 Home Loan Tax Benefit 📤 Capital Gains Exemption 💰 Refund Status Help 📬 Notice Resolution Guide 🧮 Section 80C Planner 📝 Updated Return (ITR-U) Tax Calculator 💸 Refund Interest Calculator ⚖️ Salary Arrears Relief (Sec 89) 🌾 Agricultural Income Calculator

Practical Checklist: Before You File Your ITR

  • Confirm your regime choice (new is default; old requires opting in via Form 12BB/124 or Form 10-IEA)
  • Reconcile Form 16, Form 26AS and the Annual Information Statement (AIS) for mismatches
  • Gather proofs for HRA, 80C, 80D and home loan interest if claiming old-regime deductions
  • Compute capital gains separately for equity, debt, property and any collectibles sold during the year
  • Check advance tax instalments were paid on time to avoid Section 234B/234C interest
  • Pick the correct ITR form (ITR-1 through ITR-4) based on your income sources
  • File before the due date — late filing forfeits the right to opt for the old regime in some cases

Frequently Asked Questions

Is the new tax regime compulsory?
No. The new regime is the default if you don't specify a choice, but you can opt for the old regime — salaried employees via a declaration to their employer at the start of the year (Form 12BB for FY 2025-26 and earlier, renamed Form 124 from Tax Year 2026-27), and others via Form 10-IEA filed with the ITR.
Which regime is better for me?
It depends on how much you can claim in old-regime deductions (HRA, 80C, 80D, home loan interest). As a rule of thumb, the old regime tends to win once total deductions cross roughly ₹3.5-4 lakh, but the exact crossover point varies by income level — use the Income Tax Calculator to compare both regimes against your actual numbers.
What changed for salary TDS under the Income-tax Act 2025?
The provision moved from Section 192 to Section 392(1), Form 12BB was renamed Form 124, and Form 16 was renamed Form 130 — effective Tax Year 2026-27 (from 1 April 2026). The underlying computation and deduction logic is unchanged; only section numbers and form names changed.
Do I need a CA to file my return?
Not legally required for most salaried individuals with straightforward income, but a CA is strongly advisable if you have capital gains, multiple income sources, foreign income/assets, or are unsure which regime or ITR form applies to you.

Regulatory Updates

Apr 2026Income-tax Act, 2025 and Income-tax Rules, 2026 come into force, replacing the 1961 Act from Tax Year 2026-27 — section renumbering across the board, Form 12BB renamed Form 124, Form 16 renamed Form 130.
FY 2025-26Last filing year under the Income Tax Act, 1961 framework — old section numbers and old form names (Form 12BB, Form 16) still apply for income earned April 2025–March 2026.

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