Business Income Tax Planning: A Practical Guide for Tax Year 2026-27
At a Glance Parameter Details for Tax Year 2026-27 Presumptive tax — business (Section 44AD / Section 58) 8% of turnover (6% for digital receipts) — if turnover ≤ ₹3 crore Presumptive tax — profession (Section 44ADA / Section 59) 50% of gross receipts — if gross receipts ≤ ₹75 lakh Tax audit threshold — […]
Salary Tax Planning for Tax Year 2026-27: Maximise Take-Home Pay
At a Glance Parameter New Regime (Default) Old Regime (Opt-in) Basic exemption ₹4 lakh ₹2.5 lakh (below 60) Standard deduction ₹75,000 ₹50,000 Effective zero-tax limit (salaried) ₹12.75 lakh gross ₹5 lakh net (with full 87A rebate) Section 87A rebate ₹60,000 — income up to ₹12 lakh ₹12,500 — income up to ₹5 lakh Section 80C […]
Capital Gains Tax Planning: Every Exemption Explained
At a Glance Asset Type LTCG Threshold LTCG Tax Rate STCG Rate Listed equity / equity mutual funds 12 months 12.5% on gains > ₹1.25 lakh 20% Immovable property 24 months 12.5% (no indexation — post 23.07.2024 sales) Slab rate Gold / jewellery / physical assets 24 months 12.5% Slab rate Unlisted shares 24 months […]
NRI Tax Planning in India: A Complete Guide for Tax Year 2026-27
At a Glance Parameter Position for Tax Year 2026-27 Definition of NRI Person who is not a Resident of India for tax purposes Resident test — primary Stay in India for 182 or more days in the Tax Year Resident test — secondary Stay 60 days in Tax Year AND 365 days in preceding 4 […]
HUF Tax Planning: A Complete Guide for Tax Year 2026-27
At a Glance Parameter Position for Tax Year 2026-27 Legal status Separate taxable entity — “person” under Section 2(31) Governed by IT Act 2025 for Tax Year 2026-27; IT Act 1961 for AY 2026-27 and earlier Separate PAN Mandatory — distinct from Karta’s individual PAN Basic exemption — old regime ₹2.5 lakh Basic exemption — […]