Finance Guides — Tax, Loans & Banking

The HRA exemption helps salaried employees cut their tax bill by thousands every year. Here is exactly what it covers, who can claim it, how to calculate it with real numbers, and what homeowners can claim instead.

Bank interest, dividends, rental from a car or equipment, and lottery winnings all fall under one income head: Income from Other Sources. Section 56 of the Income Tax Act 2025 covers it. Here is a plain-English guide to what counts, what is deductible, and how it is taxed.

Every due date in the Indian income tax calendar is tied to a consequence for missing it. Here are the key dates for FY 2026-27, what each one means, and what happens if you miss it.

A refund from the Income Tax Department means you paid more tax than you owed. Here is how to claim it, check where it is, and what to do if it is delayed or denied.

Filing the wrong ITR form can get your return rejected or cause a notice from the Income Tax Department. Here is a plain-English guide to choosing the right form — ITR-1, ITR-2, ITR-3 or ITR-4 — based on your income sources in India.

NPS offers three separate tax deduction sections under the Income Tax Act 2025. Here is how Sections 80CCD(1), 80CCD(1B), and 80CCD(2) work, with real rupee examples and a comparison to 80C.

Section 87A of the Income Tax Act 2025 gives a rebate of up to ₹60,000 to residents whose total income is up to ₹12 lakh per year under the new tax regime. Here is exactly who qualifies, how the math works, and what it means in practice.

Sections 15, 16 and 17 of the Income Tax Act 2025 define what counts as salary income, which deductions apply, and how allowances, perquisites and retirement benefits are taxed. Here is a plain-English guide to the rules that determine how much of your pay is taxable.

Section 115JD of the Income Tax Act 2025 makes sure every taxpayer pays at least a minimum amount of tax, even when large deductions push your regular tax to near zero. Here is how it works, who it affects, and what the AMT credit means for you.

If you file your income tax return late or pay less advance tax than you owe, the Income Tax Act 2025 charges interest — Sections 234A, 234B and 234C. Here is exactly how each one is calculated, in plain rupees.

Section 24(b) of the Income Tax Act 2025 lets you deduct home loan interest from your rental income — up to ₹2 lakh per year on a self-occupied property, and with no cap on let-out property. Here is exactly how it works, who qualifies, and how much you save.