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Family pension tax deduction explained: the ₹25,000 (new regime) vs ₹15,000 (old regime) rule, how it differs from your own pension, and more.

Family pension tax deduction explained: the ₹25,000 (new regime) vs ₹15,000 (old regime) rule, how it differs from your own pension, and more.

Income Tax

Family Pension Deduction: The Complete Guide

Family pension tax deduction explained: the ₹25,000 (new regime) vs ₹15,000 (old regime) rule, how it differs from your own pension, and who's exempt.

byTeam Paisaseekho

Section 80GGC explained: the 100% deduction for political party donations, why cash contributions don't qualify at all, and how it differs from 80G and 80GGA.

Section 80GGC explained: the 100% deduction for political party donations, why cash contributions don't qualify at all, and how it differs from 80G and 80GGA.

Income Tax

Section 80GGC: Deduction for Political Party Donations

byTeam Paisaseekho

Section 80G explained: the 100% vs 50% deduction categories, the 10% qualifying limit, cash donation rules, and how to calculate your claim.

Section 80G explained: the 100% vs 50% deduction categories, the 10% qualifying limit, cash donation rules, and how to calculate your claim.

Income Tax

Section 80G: Tax Deduction on Donations

byTeam Paisaseekho

Section 80CCD(2) explained: the employer NPS contribution deduction that survives the New Tax Regime, current limits, and how it differs from 80CCD(1).

Section 80CCD(2) explained: the employer NPS contribution deduction that survives the New Tax Regime, current limits, and how it differs from 80CCD(1).

Income Tax

Section 80CCD(2): Employer NPS Contribution Deduction

byTeam Paisaseekho

Section 80CCD(1) explained: the NPS deduction limits for salaried and self-employed taxpayers, and why it's mandatory for government employees.

Section 80CCD(1) explained: the NPS deduction limits for salaried and self-employed taxpayers, and why it's mandatory for government employees.

Income Tax

Section 80CCD(1): NPS Contribution Deduction

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

This Form 26Q non-salary TDS guide explains sections, due dates for FY 2025-26, the filing process, & new Section 194T partner payments rule.

This Form 26Q non-salary TDS guide explains sections, due dates for FY 2025-26, the filing process, & new Section 194T partner payments rule.

Income Tax

Form 26Q Non-Salary TDS Explained

byTeam Paisaseekho

This Form 24Q TDS on salary guide explains Annexure I, II and III, due dates for FY 2025-26, the filing process, penalties, and Form 138.

This Form 24Q TDS on salary guide explains Annexure I, II and III, due dates for FY 2025-26, the filing process, penalties, and Form 138.

Income Tax

Form 24Q TDS on Salary Explained

byTeam Paisaseekho

The Budget 2026 ITR deadline includes a new staggered schedule based on who you are and what you do. Find out when to file your ITR this year.

The Budget 2026 ITR deadline includes a new staggered schedule based on who you are and what you do. Find out when to file your ITR this year.

Income Tax

Budget 2026 ITR Deadline: The New Staggered Schedule Every Taxpayer Must Know

byTeam Paisaseekho

Form 49B is the application form for a TAN (Tax Deduction and Collection Account Number). Learn how to fill Form 49B online and offline.

Form 49B is the application form for a TAN (Tax Deduction and Collection Account Number). Learn how to fill Form 49B online and offline.

Income Tax

Form 49B Explained: How to Apply for a TAN Number in India

byTeam Paisaseekho

Form 49A vs Form 49AA Explained: Which PAN Application Form Do You Use?

Form 49A vs Form 49AA Explained: Which PAN Application Form Do You Use?

Income Tax

Form 49A vs Form 49AA Explained: Which PAN Application Form Do You Use?

byTeam Paisaseekho

Form 10BA is a mandatory declaration to claim rent deduction under Section 80GG if you don't receive HRA. Learn how to file Form 10BA online.

Form 10BA is a mandatory declaration to claim rent deduction under Section 80GG if you don't receive HRA. Learn how to file Form 10BA online.

Income Tax

Form 10BA Explained: How to Claim Rent Deduction Under Section 80GG

byTeam Paisaseekho