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Tax Explained Simply

Income tax, GST, and TDS — every section, slab, rule, and deadline in plain English. No jargon. No fine print. Just the facts you need to file correctly and keep more of what you earn.

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Income Tax

Slabs · Form 16 · ITR · Advance tax · Act 2025

New-regime slabs, Form 16, ITR, advance tax, and every term in the Income Tax Act 2025 explained in plain English.

GST

Rates · Registration · ITC · GSTR-1 · GSTR-3B · Refunds

CGST, SGST, IGST, input tax credit, GST returns (GSTR-1, GSTR-3B), GST registration, and GST on consumer goods — all in plain English.

TDS

Rates · Thresholds · Form 16 · 16A · 26AS · TCS

TDS rates, thresholds, certificates (Form 16, 16A, 16B, 16C), TCS, and TDS on salary, interest, dividends, and professional fees — with worked examples.

Compliance Calendar

ITR · Advance tax · GST · TDS · Form 16 · AIS

Due dates for ITR filing, advance tax, TDS deposits, GST returns, Form 16 issuance, and AIS — with penalty amounts and primary-source citations.

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Frequently asked questions

What is the Income Tax Act 2025?: It is the income tax law India has used since 1 April 2026. It replaced the 1961 law, carries 536 sections instead of 819, and is written in simpler words. Your return for tax year 2026-27 onwards is filed under this Act, and the new tax regime is the default.
What is GST and who needs to pay it?: GST (Goods and Services Tax) is an indirect tax that replaces VAT, excise, and service tax. Anyone selling goods or services above the threshold (₹20 lakh for most businesses) must register and collect GST.
What is TDS and when is it deducted?: TDS (Tax Deducted at Source) is tax deducted by the payer before making a payment. Employers deduct TDS on salary; banks deduct on interest; clients deduct on professional fees above ₹30,000 per payment.
When is ITR filing deadline?: For individuals not requiring audit, the ITR filing deadline is 31 July of the assessment year. For businesses, it is 31 October (or 30 November with tax audit). Late filing attracts penalties up to ₹5,000.

Sources: Income Tax Act 2025 · Income Tax Department new-act guidance (verified 2026-10-07) · CBDT circulars · GST Council notifications · CGST/SGST Act 2017. Last reviewed by FinWiz24 Research Desk.