Practical insights on Indian tax law, audit best practices, compliance deadlines, and sector-specific regulatory updates — written by our practitioners for business owners and finance professionals.
The 56th GST Council Meeting announced some of the most significant tax reforms since GST was rolled out in 2017 — from zero-rated essentials to a new 40% levy on luxury goods. Here's what it means for consumers, businesses, and MSMEs, and how to navigate the transition.
With a ₹60,000 rebate under Section 87A and a higher ₹75,000 standard deduction, the New Regime just got more attractive. But the Old Regime still holds strong if you're claiming HRA, home loan interest, 80C, and 80D. A real-world comparison to help you decide.
When you change jobs, both employers may apply the standard deduction separately — leading to underpaid taxes that surface only at filing time. Declare previous income via Form 12B, choose your regime wisely, and plan mid-year to avoid last-minute burdens.