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#Income Tax Act 2025

15 articles

Old vs New Tax Regime for FY 2025-26 / TY 2026-27: Break-Even Math, Section 156 Rebate, and Who Should Pick What Under the Income-tax Act, 2025

Vikram Mehta
Vikram Mehta · 7h
Old vs New tax regime for FY 2025-26 under the 2025 Act. Section 202: Rs 4L exemption, slabs to 30% at Rs 24L, Rs 75K standard deduction, Section 156 rebate up to Rs 60K / Rs 12L. Old regime preserves Section 80C / 80D / HRA. Break-even ~Rs 3.5-4L deductions. Worked examples by income band.
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Section 80D / Section 126 Decoded: Health Insurance Deduction Limits, Senior Parent Carve-Out, and the Cash-Payment Trap Under the Income-tax Act, 2025

Neha Kapoor
Neha Kapoor · 8h
Section 80D becomes Section 126 under the Income-tax Act, 2025: Rs 25K / 50K self bucket, Rs 25K / 50K parents bucket, Rs 5K preventive checkup inside limits, Rs 50K medical expenditure when senior parent has no insurance. Old regime only. Cash disallowed except preventive.
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The Quiet TDS Trap in the 1 April 2026 Transition: How the "Earlier of Credit or Payment" Test Decides Whether You Cite the 1961 Act or Section 393

Vikram Mehta
Vikram Mehta · Mar 23
The 1 April 2026 cutover to the Income-tax Act, 2025 hides a quiet TDS trap. Deduction events whose earlier-of-credit-or-payment date falls on or before 31 March 2026 stay under the 1961 Act (old section codes, Form 26Q/27Q), even if deposited in April. Later events move to Section 393.
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