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PF Withdrawal When Switching Jobs — The Tax Traps Nobody Warns You About Income Tax
CA NItheesh Kumar Kamalpuram

PF Withdrawal When Switching Jobs — The Tax Traps Nobody Warns You About

PF Withdrawal When Switching Jobs — The Tax Traps Nobody Warns You About You've just accepted a great new offer. The excitement is real. And then someone at work says:...

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Section 87A Rebate — The Complete Guide to Making Your Income Tax Zero Legally Income Tax
Jun 11, 2026 CA Nitheesh Kumar Kamalapuram

Section 87A Rebate — The Complete Guide to Making Your Income Tax Zero Legally

Section 87A Rebate — The Complete Guide to Making Your Income Tax Zero Legally Budget 2025 made a headline promise: no income tax up to Rs 12 lakh. That promise...

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CTC vs. In-Hand Salary — A Complete Breakdown at Every Income Level Income Tax
Jun 10, 2026 CA Nitheesh Kumar Kamalapuram

CTC vs. In-Hand Salary — A Complete Breakdown at Every Income Level

CTC vs. In-Hand Salary — A Complete Breakdown at Every Income Level You accept a job offer of Rs 15 lakh CTC. Your first salary credit is Rs 1,16,875. That...

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Post Office Savings Schemes — Which One Gives You the Best After-Tax Return in FY 2026-27? Income Tax
Jun 09, 2026 CA Nitheesh Kumar Kamalapuram

Post Office Savings Schemes — Which One Gives You the Best After-Tax Return in FY 2026-27?

Post Office Savings Schemes — Which One Gives You the Best After-Tax Return in FY 2026-27? There's a number that most investors look at first: the interest rate. And there's...

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Cash Transactions That Can Trigger an Income Tax Notice — And How to Avoid Them Income Tax
Jun 08, 2026 CA Nitheesh Kumar Kamalapuram

Cash Transactions That Can Trigger an Income Tax Notice — And How to Avoid Them

Cash Transactions That Can Trigger an Income Tax Notice — And How to Avoid Them Cash feels private. You hand over notes, the deal is done, no app notification, no...

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Marginal Relief Explained — Why Earning Rs 12.01 Lakh Doesn't Mean Paying Rs 60,150 in Tax Income Tax
Jun 07, 2026 CA Nitheesh Kumar

Marginal Relief Explained — Why Earning Rs 12.01 Lakh Doesn't Mean Paying Rs 60,150 in Tax

Marginal Relief Explained — Why Earning Rs 12.01 Lakh Doesn't Mean Paying Rs 60,000 in Tax Here's a question that makes a lot of taxpayers anxious: if income up to...

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Freelancers: Why Skipping Your ITR Filing Is the Most Expensive Mistake You Can Make Income Tax
Jun 06, 2026 CA Nitheesh Kumar Kamalapuram

Freelancers: Why Skipping Your ITR Filing Is the Most Expensive Mistake You Can Make

Freelancers: Why Skipping Your ITR Filing Is the Most Expensive Mistake You Can Make Kabir is a freelance graphic designer. Last financial year was his best yet — Rs 10...

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5 Deductions Still Available Under the New Tax Regime That Most People Don't Know About Income Tax
Jun 05, 2026 CA Nitheesh Kumar Kamalapuram

5 Deductions Still Available Under the New Tax Regime That Most People Don't Know About

5 Deductions Still Available Under the New Tax Regime That Most People Don't Know About Ask ten people about the new tax regime and at least eight will say the...

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Same CTC, Zero Tax — How Smart Salary Structuring Can Save You Rs 95,250 Income Tax
Jun 04, 2026 CA Nitheesh Kumar Kamalapuram

Same CTC, Zero Tax — How Smart Salary Structuring Can Save You Rs 95,250

Same CTC, Zero Tax — How Smart Salary Structuring Can Save You Rs 95,250 Meet Rahul and Sneha. They work at the same company, hold the same designation, and draw...

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Decoding the Income-Tax Act, 2025: 6 Surprising Shifts Every Indian Needs to Know Income Tax
Jun 02, 2026 CA Nitheesh Kumar Kamalapuram

Decoding the Income-Tax Act, 2025: 6 Surprising Shifts Every Indian Needs to Know

Decoding the Income-Tax Act, 2025: 6 Surprising Shifts Every Indian Needs to Know India's tax law just got a major upgrade. The Income-Tax Act, 2025 (Act No. 30 of 2025)...

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Buying a Car in Cash? Here's the Tax Trap Nobody Tells You About Income Tax
Jun 02, 2026 CA NItheesh Kumar Kamalpuram

Buying a Car in Cash? Here's the Tax Trap Nobody Tells You About

Buying a Car in Cash? Here's the Tax Trap Nobody Tells You About Picture this. You've worked hard, saved diligently, and you're finally ready to buy that Rs 20 lakh...

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New Income Tax Rules from 1st April 2026 — What Changed and What It Means for You Income Tax
May 30, 2026 CA Nitheesh Kumar

New Income Tax Rules from 1st April 2026 — What Changed and What It Means for You

New Income Tax Rules from 1st April 2026 — What Changed and What It Means for You India's tax landscape just went through its biggest overhaul in over six decades....

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ITR Filing FY 2025-26 for Salaried Individuals & Small Businesses | ITR-1 & ITR-4 Guide Income Tax
May 16, 2026 nitheesh

ITR Filing FY 2025-26 for Salaried Individuals & Small Businesses | ITR-1 & ITR-4 Guide

ITR Filing FY 2025-26: Important Information for Salaried Individuals & Small Businesses As the Income Tax Return (ITR) filing season begins for FY 2025-26, many taxpayers are still confused about:...

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Updated Return - Cases where Updated Return cannot be filed Income Tax
Jan 23, 2023 Nitheesh

Updated Return - Cases where Updated Return cannot be filed

'Updated return u/s 139(8A)' cannot be filed in following cases: 1) Return of a loss (however, if return of loss is furnished u/s 139(1) and updated return is a return...

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