Income Tax Archives — PaisaSeekho

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Use our free income tax calculator to find out exactly how much tax you owe for FY 2025-26. Compare the old and new tax regime side by side.

Use our free income tax calculator to find out exactly how much tax you owe for FY 2025-26. Compare the old and new tax regime side by side.

Income Tax

Income Tax Calculator: Calculate Your Tax for FY 2025-26 (AY 2026-27)

byTeam Paisaseekho

Challan 280 explained fully - learn what it is, how to pay it online step by step, and common mistakes to avoid, and more.

Challan 280 explained fully - learn what it is, how to pay it online step by step, and common mistakes to avoid, and more.

Income Tax

Challan 280 Explained

byTeam Paisaseekho

Here is a simple, step-by-step guide on how to register on TRACES, both as a taxpayer and deductor, the documents needed and common problems.

Here is a simple, step-by-step guide on how to register on TRACES, both as a taxpayer and deductor, the documents needed and common problems.

Income Tax

How to Register on TRACES: Step-by-Step Guide 2026

byTeam Paisaseekho

Wondering what is TRACES portal? Learn what it does, who uses it, and how it is different from the income tax e-filing website.

Wondering what is TRACES portal? Learn what it does, who uses it, and how it is different from the income tax e-filing website.

Income Tax

What Is TRACES Portal? 2026 Guide

byTeam Paisaseekho

AIS shows your income and transactions in over 50 categories. Here is a simple, AIS Categories list guide on what each major category means.

AIS shows your income and transactions in over 50 categories. Here is a simple, AIS Categories list guide on what each major category means.

Income Tax

AIS Categories List: What Each One Means

byTeam Paisaseekho

Our TIS explained with examples guide takes you through everyhing. Learn how it works with real examples, so your ITR filing goes smoothly.

Our TIS explained with examples guide takes you through everyhing. Learn how it works with real examples, so your ITR filing goes smoothly.

Income Tax

TIS Explained with Examples for 2026

byTeam Paisaseekho

Wondering How to Correct Errors in Form 26AS? Learn the correction steps, 5 correction categories and the new 2026 time limits.

Wondering How to Correct Errors in Form 26AS? Learn the correction steps, 5 correction categories and the new 2026 time limits.

Income Tax

How to Correct Errors in Form 26AS?

byTeam Paisaseekho

Here's the complete Form 16 download process TRACES with step by step instructions for Part A and Part B, common errors, and how to fix them.

Here's the complete Form 16 download process TRACES with step by step instructions for Part A and Part B, common errors, and how to fix them.

Income Tax

Form 16 Download Process TRACES: Complete Step-by-Step Guide for Employers

byTeam Paisaseekho

How Do You Actually File Form 27EQ? The filing process closely parallels the TDS return process covered in our earlier articles on Form 24Q, Form 26Q, and Form 27Q, since all of these returns share the same underlying utility and portal infrastructure. Step 1: Collect TCS from the buyer at the prevailing rate, at the time of the transaction or receipt of payment, as applicable to the specific category. Step 2: Deposit the TCS using Challan ITNS 281, quoting your TAN, by the 7th of the following month (or 30 April for March collections). Step 3: Prepare Form 27EQ using the Return Preparation Utility (RPU) from Protean eGov (formerly NSDL), entering collector details (TAN, PAN or "PANNOTREQD" for government collectors), collectee details (PAN, name, amount, applicable section, and rate), and challan details (BSR code, deposit date, and amount). Step 4: Validate the file using the File Validation Utility (FVU), checking for PAN format issues, challan mismatches, and missing mandatory fields. Step 5: File the return electronically, signing it digitally or authenticating it using an Electronic Verification Code (EVC), through the TRACES/TIN portal or the Income Tax e-filing portal. Step 6: Issue Form 27D to each buyer within 15 days of the filing due date, once the return is processed.

How Do You Actually File Form 27EQ? The filing process closely parallels the TDS return process covered in our earlier articles on Form 24Q, Form 26Q, and Form 27Q, since all of these returns share the same underlying utility and portal infrastructure. Step 1: Collect TCS from the buyer at the prevailing rate, at the time of the transaction or receipt of payment, as applicable to the specific category. Step 2: Deposit the TCS using Challan ITNS 281, quoting your TAN, by the 7th of the following month (or 30 April for March collections). Step 3: Prepare Form 27EQ using the Return Preparation Utility (RPU) from Protean eGov (formerly NSDL), entering collector details (TAN, PAN or "PANNOTREQD" for government collectors), collectee details (PAN, name, amount, applicable section, and rate), and challan details (BSR code, deposit date, and amount). Step 4: Validate the file using the File Validation Utility (FVU), checking for PAN format issues, challan mismatches, and missing mandatory fields. Step 5: File the return electronically, signing it digitally or authenticating it using an Electronic Verification Code (EVC), through the TRACES/TIN portal or the Income Tax e-filing portal. Step 6: Issue Form 27D to each buyer within 15 days of the filing due date, once the return is processed.

Income Tax

Form 27EQ TCS Returns Explained (2026 Guide)

byTeam Paisaseekho

Our Form 27Q NRI Payments guide explains the grossing up rule, DTAA rates, the property sale exception, due dates, and shift to Form 144.

Our Form 27Q NRI Payments guide explains the grossing up rule, DTAA rates, the property sale exception, due dates, and shift to Form 144.

Income Tax

Form 27Q NRI Payments Explained

byTeam Paisaseekho