For FY 26-27 (AY 27-28), there is a difference between the New income tax slab and Old tax regime. The Old tax regime and New tax regime – both are tax saving, but that depends on the ‘earned income’ and ‘types of savings’ of a person. So, how to choose wisely? This excel calculator willContinue reading “Free Excel Income tax calculator for FY 26-27 (AY 27-28) of Old and New tax regimes”
Tag Archives: income tax
Sukanya Samriddhi Yojana Account SSY / SSA scheme details with calculator
If you are father or mother of a new-born or less than 10 years’ girl child, then this is the scheme you would always wanted to take it for the welfare of your child. As you see the interest rate on savings bank schemes, only direction it knows is ‘downward’.
FY 26-27 (AY 27-28) Income tax rate slabs – ‘Old vs New’
For FY 26-27 (AY 27-28), the Income tax rate slabs – ‘Old vs New’ for Individual, HUF, senior citizen, super senior citizen and Surcharge have been covered in this post. The new income tax rate is same for all individual like ‘individual below 60 years of age’, for senior citizen between 60 to 80 yearsContinue reading “FY 26-27 (AY 27-28) Income tax rate slabs – ‘Old vs New’”
Post office and small savings schemes Interest rates revised from 1st October 2026
The interest rates for the period from 1st October 2026 to 31st December 2026 of ‘Post office and small savings schemes’ like PPF, KVP, SSY, SCSS, NSC, MIS, post office savings deposit, Time deposit, Recurring deposits have been declared on 31st December 2025 by the Finance Ministry.
FY 26-27 (AY 27-28) New Income tax return e-filing, exemptions, deductions, e-payment, refund
Change in the new income tax portal:
New STCG tax, Revised LTCG tax on property, listed (stocks, MF, ETF) and unlisted assets (Real Estate, Gold)
On 23rd July 2024, the budget presented by our FM changed the whole capital gains structure in a massive way. Capital gains include both short term capital gains (STCG) and long term capital gains (LTCG). Short term capital gains (STCG) and long term capital gains (LTCG) applies mostly on listed assets and unlisted assets both.
Comparison of Old Pension Scheme vs New Pension Scheme
Indian government employees after retirement used to get the pension under the old pension scheme, called OPS. But, from 22nd Dec 2003, New Pension Scheme called NPS came into existence and since then nothing remained same for the working employees. In every corner of India whether it is central government employees or state government employees,Continue reading “Comparison of Old Pension Scheme vs New Pension Scheme”
Difference between Short term and Long term capital gains
Capital gains definition: Capital gains are the gains arising from the sale of any type of capital assets like immovable property, equity shares (listed or Un-listed), debt-fund, mutual fund, Jewellery etc. We’ll know the difference between Short term and Long term capital gains below in detail. (source: Income tax India)