Helpful Business & Tax Resources
Curated guides, tools, and references to help individuals and businesses stay compliant, informed, and confident with taxation and compliance.
Explore Our Resources
These resources are designed to simplify complex tax and compliance topics, saving your time and helping you make better financial decisions.
GST Guides
Step-by-step guides covering GST registration, returns, compliance, and common mistakes businesses should avoid.
View GST Resources →Income Tax (ITR)
Clear explanations of ITR filing, deductions, exemptions, and deadlines for individuals and businesses.
Explore ITR Guides →Business Registration
Learn about company, LLP, proprietorship registrations, licenses, and legal compliance requirements.
Registration Resources →Accounting & Compliance
Practical resources on bookkeeping, accounting best practices, audits, and statutory compliance.
Accounting Tools →Stay Updated With Latest Tax & Compliance Updates
Get practical updates, reminders, and simplified explanations of GST, Income Tax, and business compliance — no jargon, no spam.
GST Calculator
Calculate GST amount and total price easily
GST Amount: ₹
Total Amount (Including GST): ₹
Old vs New Tax Regime (FY 2025–26)
Valid for Assessment Year 2026–27 • As per latest Income Tax rules
| Particulars | Old Regime | New Regime (Default) |
|---|---|---|
| Basic Exemption Limit | ₹ 2,50,000 | ₹ 3,00,000 |
| Income eligible for full rebate (u/s 87A) | ₹ 5,00,000 | ₹ 7,00,000 |
| Maximum Rebate u/s 87A | ₹ 12,500 | ₹ 25,000 |
| Standard Deduction (Salaried / Pensioners) | ₹ 50,000 | ₹ 50,000 |
| Effective Tax-Free Salary Income | ₹ 5.5 Lakhs | ₹ 7.5 Lakhs |
| HRA Exemption | ✓ | ✕ |
| Leave Travel Allowance (LTA) | ✓ | ✕ |
| Other Allowances (Food, Uniform, etc.) | ✓ | ✕ |
| Professional Tax & Entertainment Allowance | ✓ | ✕ |
| Perquisites for Official Use | ✓ | ✓ |
| Home Loan Interest (Self-occupied) – u/s 24(b) | ✓ | ✕ |
| Home Loan Interest (Let-out Property) | ✓ | ✓ |
| Deduction u/s 80C (EPF, PPF, LIC, ELSS, etc.) | ✓ | ✕ |
| Employee Contribution to NPS (80CCD-1) | ✓ | ✕ |
| Employer Contribution to NPS (80CCD-2) | ✓ | ✓ |
| Medical Insurance Premium – 80D | ✓ | ✕ |
| Education Loan Interest – 80E | ✓ | ✕ |
| Savings Bank Interest – 80TTA / 80TTB | ✓ | ✕ |
| Family Pension Deduction | ✓ | ✓ |
| Gratuity / Leave Encashment / VRS Exemption | ✓ | ✓ |
| Conveyance & Daily Allowance | ✓ | ✓ |
| Transport Allowance (Specially-abled) | ✓ | ✓ |
Income Tax Calculator – Old vs New Regime
Compare tax under both regimes using the same income details
| Income Details | Amount (₹) |
|---|---|
| Salary / Business Income | |
| Other Income (Interest, Rent, etc.) | |
| Deductions (80C, 80D – Old Regime only) |
Union Budget 2026 – Income Tax Update
Applicable for FY 2026–27 (AY 2027–28)
Key Highlights
- No change in income tax slabs for individuals.
- Old and New Tax Regime rates remain same as FY 2025–26.
- New Tax Regime continues as the default option.
- Standard Deduction for salaried & pensioners continues.
- Rebate u/s 87A limits remain unchanged.
- Focus on simplified compliance and easier tax filing.
| Particulars | Status (Budget 2026) |
|---|---|
| Basic Exemption Limit | Unchanged |
| Income Tax Slabs | No Change |
| Standard Deduction | Continues |
| Rebate u/s 87A | Continues |
| Default Tax Regime | New Tax Regime |
| New Income Tax Act | Effective from 1 April 2026 |
Note: Taxpayers may still opt for the Old Tax Regime if eligible deductions and exemptions result in lower tax liability.
