Articles by Pranab Banerjee

Optional Tax Regime u/s 115BAC: Exemptions & Deductions Not Allowed

Pranab Banerjee 26 September 2025 at 08:42

Confused between the old vs the new tax regime? Section 115BAC offers lower slab rates but removes most exemptions. Learn benefits, drawbacks and who should opt in.

Aadhaar Card Update Online September 2025: Step-by-Step Guide to Correct a Spelling Mistake

Pranab Banerjee 25 September 2025 at 08:36

Keep your Aadhaar details accurate to ensure seamless access to government schemes, banking, and essential services. Learn why updating Aadhaar matters, common mistakes to avoid, and how to correct errors like spelling mistakes online with UIDAI's step-by-step process

GST 2.0: Updated GST Rates (Effective 22 Sept 2025) & What They Mean for Your Business

Pranab Banerjee 24 September 2025 at 08:28

India has introduced GST 2.0 with simplified slabs - 0%, 5%, 18% and 40% bringing big changes for essentials, consumer goods, durables and luxury items. Learn the key rate revisions, item movements, and what MSMEs must do now to update billing, pricing and compliance smoothly.

Post Office New Savings Scheme 2025: How to Get Benefits Worth Up to Rs 40 Lakh with Guaranteed Returns

Pranab Banerjee 23 September 2025 at 08:43

Post Office launches a new savings scheme in 2025 with guaranteed returns and tax benefits. Start small, save consistently and build up to Rs 40 lakh safely with government-backed security.

Section 115 BAC of the Income Tax Act as per Budget 2025

Pranab Banerjee 22 September 2025 at 08:24

Discover the features of Section 115BAC of the Income Tax Act, the default new tax regime from FY 2023-24. Learn about revised slabs, higher standard deduction, available exemptions and how to switch between old and new tax regimes.

Income Tax Refund Above Rs 50,000: Does the Income Tax Department Delay Big Refunds?

Pranab Banerjee 20 September 2025 at 06:40

Wondering if the Income Tax Department delays refunds above Rs 50,000? Learn how ITR refunds are processed, typical timelines, common causes of delay and tips to ensure faster credit to your bank account.

What Happens If You Choose the Old Tax Regime in FY 2025-26?

Pranab Banerjee 19 September 2025 at 08:32

Confused between Old vs New Tax Regime for FY 2025-26? Explore tax slabs, deductions, exemptions, pros & cons and step-by-step guidance to decide if the Old Tax Regime helps you save more.

Tax on Savings Bank Interest: Complete Guide to Deductions Under Section 80TTA

Pranab Banerjee 18 September 2025 at 08:19

Learn how Section 80TTA of the Income Tax Act helps you save tax on savings account interest. Understand eligibility, deduction limit of ₹10,000, difference with Section 80TTB, and how to claim it under the old tax regime.

TDS New Rules: Big Changes for FD Investors and Taxpayers from September 25, 2025

Pranab Banerjee 16 September 2025 at 08:48

Budget 2025 brings major TDS reforms effective from September 25, 2025. Higher exemption limits for senior citizens, FD/RD investors, insurance agents, and dividend earners mean less tax deducted at source, better liquidity and simpler compliance for taxpayers.

Save Tax on Residential Property Sales by Using Sections 54 and 54F

Pranab Banerjee 15 September 2025 at 08:23

Learn how to save capital gains tax when selling residential property in India using Sections 54 and 54F. Understand eligibility, timelines, exemptions and smart reinvestment strategies to maximize your tax savings.