Income Tax Act 1961 / 2025

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Select a topic above. All panels show both IT Act 1961 section and IT Act 2025 equivalent section.

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Tax Slabs & Rates

Old & New regime

👔

Salary Income

HRA, standard deduction

🏠

House Property

Rental income, loss

💼

Business & Profession

Presumptive taxation

📈

Capital Gains

STCG, LTCG rates

🧾

Deductions (Old Regime)

80C to 80U

✂️

TDS Key Rates

Section-wise rates

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ITR Forms

Which form to use

🗓️

Advance Tax

Instalments & dates

📅

Compliance Calendar

All key due dates

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Official Links

Govt portals

Income Tax

Tax Slabs & Rates

Both regimes remain available for individuals. IT Act 2025 renumbers sections but rates are unchanged. New regime is the default from TY 2026-27.

✓ Budget 2026 — No Changes to Tax SlabsUnion Budget 2026 (February 2026) confirmed NO changes to income tax slabs, rebate limits, or standard deduction for FY 2026-27. The enhanced rebate of ₹60,000 (zero tax up to ₹12 lakh under new regime) continues unchanged. IT Act 2025 is revenue-neutral — same rates, just renumbered sections.

IT Act 1961 → IT Act 2025 — Section Mapping

From 1 April 2026, IT Act 2025 replaces IT Act 1961 for new transactions. The new tax regime moves from Sec 115BAC (1961) → Sec 202 (2025). The rebate under Sec 87A (1961) → Sec 159 (2025). Tax rates are unchanged.

Sec 202 Sec 115BAC Sec 159 Sec 87A Sec 204 Sec 115BAB Effective: 1 April 2026

New Tax Regime — Default Sec 115BAC / IT Act 1961→Sec 202 / IT Act 2025

Income Slab	Rate	FY 2025-26 / IT Act 1961 (AY 2025-26)	TY 2026-27 / IT Act 2025 (AY 2026-27)
Nil slab	Nil	Up to ₹3,00,000	Up to ₹4,00,000
5%	5%	₹3,00,001 – ₹7,00,000	₹4,00,001 – ₹8,00,000
10%	10%	₹7,00,001 – ₹10,00,000	₹8,00,001 – ₹12,00,000
15%	15%	₹10,00,001 – ₹12,00,000	₹12,00,001 – ₹16,00,000
20%	20%	₹12,00,001 – ₹15,00,000	₹16,00,001 – ₹20,00,000
25% (new slab)	25%	—	₹20,00,001 – ₹24,00,000
30%	30%	Above ₹15,00,000	Above ₹24,00,000

Rebate — Sec 87A (IT Act 1961) / Sec 159 (IT Act 2025)New regime: Full tax rebate up to ₹60,000 for income ≤ ₹12,00,000. Effective zero tax up to ₹12 lakh. Old regime: Rebate up to ₹12,500 for income ≤ ₹5,00,000.

Old Tax Regime — Optional First Schedule / IT Act 1961→First Schedule / IT Act 2025

Income Slab	Below 60 yrs	Senior (60–80 yrs)	Super Senior (80+)
Up to ₹2,50,000	Nil	Nil	Nil
₹2,50,001 – ₹3,00,000	5%	Nil	Nil
₹3,00,001 – ₹5,00,000	5%	5%	Nil
₹5,00,001 – ₹10,00,000	20%	20%	20%
Above ₹10,00,000	30%	30%	30%

Surcharge & Cess

Total Income	Surcharge Rate	Provision
Up to ₹50 lakh	Nil	—
₹50 lakh – ₹1 crore	10%	Sec 2(9) 1961 → Sec 2(29) 2025
₹1 crore – ₹2 crore	15%	Same
₹2 crore – ₹5 crore	25%	Same
Above ₹5 crore	37% (New regime: 25%)	Same

Health & Education Cess: 4% on (income tax + surcharge). Applicable under both Acts.

Corporate Tax Rates

Company Type	Rate	IT Act 2025	IT Act 1961
Domestic (turnover ≤ ₹400 Cr)	25%	Sec 115BA	Sec 203
Domestic (turnover > ₹400 Cr)	30%	Sec 4	First Schedule
New mfg. company	15%	Sec 115BAB	Sec 204
Foreign Company	40%	Sec 4	First Schedule

📎 Official Sources

Tax Rates — IT Dept ↗ IT Act 2025 Full Text ↗ CBDT FAQs ↗

Income Tax

Salary Income

Income taxable under the head "Salaries". Sections are renumbered but provisions are identical under IT Act 2025.

IT Act 1961 → IT Act 2025 — Salary Section Mapping

The substantive provisions for salary income are retained but renumbered in IT Act 2025.

Sec 15 (Basis of charge) → Sec 15 Sec 16 (Deductions) → Sec 20 Sec 17 (Perquisites) → Sec 17 Sec 10(13A) HRA → Sec 16(3) Sec 10(5) LTA → Sec 16(8) Effective: 1 April 2026

Standard Deduction Sec 16(ia) / 1961→Sec 20(a) / 2025

Regime	Amount	IT Act 2025	IT Act 1961
New Regime (default)	₹75,000	Sec 16(ia)	Sec 20(a)
Old Regime (optional)	₹50,000	Sec 16(ia)	Sec 20(a)
Professional Tax	Actual paid	Sec 16(iii)	Sec 20(c)
Entertainment Allowance (Govt only)	Least of 20% salary / ₹5,000 / actual	Sec 16(ii)	Sec 20(b)

HRA Exemption Sec 10(13A) / 1961→Sec 16(3) / 2025

Exemption = Least of the following 3: 1. Actual HRA received from employer
2. 50% of basic salary + DA (metro) or 40% (non-metro)
3. Rent paid − 10% of basic salary + DA

Metro cities: Delhi, Mumbai, Kolkata, Chennai. If rent > ₹1 lakh/year — landlord PAN mandatory.
Note: HRA exemption is NOT available under the New Tax Regime.

Leave Travel Allowance (LTA) Sec 10(5) / 1961→Sec 16(8) / 2025

Conditions for exemption: Covers actual travel cost for employee + family. Air: economy class fare. Rail/road: first-class AC fare. Claimable 2 times in a 4-year block. Current block: 2026–2029 (effective 1 January 2026). Previous block 2022–2025 ended. Not available under New Regime.

Key Perquisites Sec 17(2) / 1961→Sec 17(2) / 2025

Perquisite	Taxability	Valuation
Rent-free accommodation (Govt)	Exempt	—
Rent-free accommodation (Others)	Taxable	15% of salary (metro) / 7.5% (non-metro)
Car — provided by employer (personal use, up to 1600cc)	Taxable	₹1,800/month + ₹900 (with driver)
Car — provided by employer (personal use, above 1600cc)	Taxable	₹2,400/month + ₹900 (with driver)
Meals in office (≤ ₹50/meal)	Exempt	—
Gift / voucher from employer	Exempt up to ₹5,000	—
Laptop / computer — official use	Exempt	—
Employee stock options (ESOP) on exercise	Taxable as perquisite	FMV − exercise price at exercise date

📎 Official Sources

IT Dept — Salary ↗ e-Filing Portal ↗ TDS on Salary ↗

Income Tax

House Property Income

Income from let-out or deemed let-out property taxed under "Income from House Property". Sections largely retained with minor renumbering.

IT Act 1961 → IT Act 2025 — House Property Section Mapping

Sec 22 (Basis of charge) → Sec 22 Sec 23 (Annual value) → Sec 23 Sec 24 (Deductions) → Sec 25 Sec 26 (Co-owners) → Sec 26 Effective: 1 April 2026

🏠 Self-Occupied Property (SOP) Sec 23(2) / 1961→Sec 23(2) / 2025

Annual value = Nil
Max 2 properties treated as SOP
Home loan interest deduction — up to ₹2,00,000 per year (Old regime only)
New regime — NO interest deduction on SOP
Pre-construction interest: 5 equal instalments from year of completion

🏢 Let-Out Property Sec 23(1) / 1961→Sec 23(1) / 2025

Annual value = Gross Annual Value − Municipal taxes
Standard deduction = 30% of Net Annual Value Sec 24(a) → Sec 25(a)
Home loan interest — full deduction (no limit) Sec 24(b) → Sec 25(b)
Municipal tax paid — fully deductible
Loss set-off against other heads — up to ₹2 lakh

Set-Off and Carry Forward of Loss Sec 71 / 1961→Sec 96 / 2025

Loss Type	Set-Off (same year)	Carry Forward Period
HP loss — Old Regime	Set off against any income — max ₹2 lakh in same year	Balance carried forward 8 years — only vs HP income
HP loss — New Regime	❌ Cannot set off against any other income head	Carried forward 8 years — only vs future HP income
HP loss exceeding ₹2 lakh (Old Regime)	Not set off in same year	8 years — only vs HP income

⚠ New Regime RestrictionUnder new tax regime: No deduction for home loan interest on self-occupied property. House property loss CANNOT be set off against other income — only carried forward against future HP income.

📎 Official Sources

IT Dept ↗ e-Filing Portal ↗

Income Tax

Business & Profession Income

Profits from business or professional activity. Presumptive taxation schemes available for eligible taxpayers to simplify compliance.

IT Act 1961 → IT Act 2025 — Business Section Mapping

Sec 28 (Chargeable income) → Sec 28 Sec 36 (Deductions) → Sec 36 Sec 37 (General deductions) → Sec 37 Sec 40A(3) (Cash limit) → Sec 40A(3) Sec 44AB (Audit) → Sec 44AB Sec 44AD Sec 44AD Sec 44ADA Sec 44ADA Effective: 1 April 2026

Presumptive Taxation Schemes

Scheme	IT Act 2025	IT Act 1961	Eligible Taxpayers	Turnover Limit	Deemed Profit
Business	Sec 44AD	Sec 44AD	Resident Individual, HUF, Firm	≤ ₹2 Cr (₹3 Cr if 95%+ digital)	8% (cash) / 6% (digital)
Profession	Sec 44ADA	Sec 44ADA	Doctor, CA, Lawyer, Engineer etc.	≤ ₹75L (₹1.5 Cr if 95%+ digital)	50% of gross receipts
Goods carriage	Sec 44AE	Sec 44AE	Goods carriage owners (≤ 10 vehicles)	—	₹1,000/tonne (heavy) / ₹7,500/vehicle

Tax Audit Applicability Sec 44AB / 1961→Sec 44AB / 2025

Taxpayer Type	Audit Required if Turnover Exceeds
Business	₹1 crore (or ₹10 crore if 95%+ transactions digital)
Profession	₹50 lakh
Presumptive scheme opted but profit < prescribed rate	Mandatory regardless of turnover

Key Expense — Cash Payment Restriction Sec 40A(3) / 1961→Sec 40A(3) / 2025

DisallowanceAny single cash payment exceeding ₹10,000 in a day to a single person is 100% disallowed as business expense. Limit is ₹35,000 for payments to transporters. Always pay by cheque / digital for amounts above ₹10,000.

📎 Official Sources

IT Dept ↗ e-Filing Portal ↗

Income Tax

Capital Gains

Tax on profit from sale of capital assets — property, shares, mutual funds, gold, bonds. Revised by Finance Bill 2024 (effective 23 July 2024).

IT Act 1961 → IT Act 2025 — Capital Gains Section Mapping

Sec 45 (Chargeability) → Sec 45 Sec 48 (Computation) → Sec 48 Sec 54 (Property exemption) → Sec 56 Sec 54EC (Bond investment) → Sec 58 Sec 54F (Non-property assets) → Sec 57 Sec 111A (STCG listed) → Sec 114 Sec 112A (LTCG listed) → Sec 115 Effective: 1 April 2026

⚡ Finance Bill 2024 — Effective 23 July 2024LTCG rate changed to 12.5% for all assets (was 20% for property/gold). STCG on listed equity changed to 20% (was 15%). Indexation removed for property sold on/after 23 July 2024. For property sold before that — old rates and indexation benefit apply.

Holding Period & Tax Rates

Asset Type	LTCG Holding Period	STCG Rate	IT Act 2025	IT Act 1961	LTCG Rate	IT Act 2025	IT Act 1961
Listed equity / equity MF	> 12 months	20%	Sec 111A	Sec 114	12.5% (above ₹1.25L)	Sec 112A	Sec 115
Unlisted shares / Debt MF	> 24 months	Slab rates	Sec 48	Sec 48	12.5%	Sec 112	Sec 113
Immovable Property	> 24 months	Slab rates	Sec 48	Sec 48	12.5% (no indexation)	Sec 112	Sec 113
Gold / Jewellery	> 24 months	Slab rates	Sec 48	Sec 48	12.5%	Sec 112	Sec 113
Bonds (listed)	> 12 months	Slab rates	—	—	12.5%	Sec 112	Sec 113

Capital Gains Exemptions — Invest to Save Tax

IT Act 2025	IT Act 1961	Invest in	Limit	Timeline
Sec 54	Sec 56	Residential house (from property sale)	No limit (1 house only)	Buy within 2 yrs / construct 3 yrs
Sec 54F	Sec 57	Residential house (from non-property sale)	Full proceeds reinvested	Buy 1 yr before / 2 yrs after
Sec 54EC	Sec 58	NHAI / REC bonds	₹50 lakh	Within 6 months; 5-year lock-in
Sec 54B	Sec 59	Agricultural land	No limit	Within 2 years

Capital Gains Account Scheme (CGAS)Cannot invest before ITR due date? Deposit gains in CGAS at a designated bank. Use within prescribed period to claim exemption. Governed by Sec 54 / Sec 56 (IT Act 2025).

📎 Official Sources

IT Dept — Capital Gains ↗ e-Filing Portal ↗

Income Tax — Old Regime Only

Deductions — Chapter VI-A (80C to 80U)

Deductions reduce taxable income. Available only under Old Tax Regime. Sections are renumbered in IT Act 2025 (Chapter VIII).

IT Act 1961 → IT Act 2025 — Deduction Section Mapping

Sec 123 Sec 80C Sec 124 Sec 80CCC Sec 125 Sec 80CCD Sec 126 Sec 80D Sec 128 Sec 80E Sec 130 Sec 80G Sec 136 Sec 80TTA Sec 137 Sec 80TTB Sec 144 Sec 80U Chapter VI-A → Chapter VIII Effective: 1 April 2026

⚠ New Regime RestrictionChapter VI-A deductions (80C, 80D, 80G etc.) are NOT available under new tax regime. Only exception: Sec 80CCD(2) / Sec 125(2) — employer's NPS contribution — allowed in both regimes.

IT Act 2025	IT Act 1961	Deduction For	Maximum Limit	Key Conditions
Sec 80C	Sec 123	Specified investments	₹1,50,000	PPF, ELSS, NSC, Life insurance, home loan principal, EPF, SSY, tuition fees
Sec 80CCC	Sec 124	Pension fund premium	₹1,50,000 (within 80C)	LIC or approved pension plan
Sec 80CCD(1)	Sec 125(1)	Own NPS contribution	10% of salary (within 80C total)	Tier-I NPS account only
Sec 80CCD(1B)	Sec 125(1B)	Additional NPS	₹50,000 (over and above 80C)	Tier-I NPS; separate from ₹1.5L cap
Sec 80CCD(2)	Sec 125(2)	Employer's NPS contribution	14% of salary (Govt) / 10% (others)	✅ Available in New Regime also
Sec 80D	Sec 126	Health insurance premium	₹25,000 (self) + ₹25,000 (parents) = ₹50,000 basic; ₹75,000 if only parents are 60+; ₹1,00,000 if self/family and parents both 60+	Premium paid for self, spouse, children, parents
Sec 80E	Sec 128	Education loan interest	No limit — full interest	Higher education of self/spouse/children; max 8 years
Sec 80G	Sec 130	Donations	100% or 50% of donation	PM Relief Fund (100%), approved charitable trusts (50% with 10% ATI limit)
Sec 80TTA	Sec 136	Savings bank interest	₹10,000	Individuals & HUF (below 60 yrs)
Sec 80TTB	Sec 137	Interest income (senior citizens)	₹1,00,000	Residents aged 60+; covers savings, FD, post office. Doubled from ₹50,000 — Budget 2025
Sec 80U	Sec 144	Taxpayer with disability	₹75,000 (40-80%) / ₹1,25,000 (severe)	Disability certificate from prescribed authority required

80C Planning — Practical tipThe ₹1.5L cap is shared across 80C + 80CCC + 80CCD(1). Add ₹50,000 extra via NPS 80CCD(1B). Total deductions = ₹2 lakh from NPS alone. Under IT Act 2025: same limits under Secs 123–125.

📎 Official Sources

IT Dept — Deductions ↗ NPS — NSDL CRA ↗ PPF / NSC — India Post ↗

Income Tax

TDS — Key Rates (Tax Year 2026-27)

Commonly used TDS sections with IT Act 1961 and IT Act 2025 section mapping. For all 91 TDS/TCS codes, see the TDS/TCS Section Master →

IT Act 1961 → IT Act 2025 — TDS Section Renumbering

TDS sections 192–196D (IT Act 1961) are consolidated into Sections 392–394 (IT Act 2025). All rates are unchanged for Tax Year 2026-27.

Sec 192 (Salary) → Sec 392 Sec 193–194X → Sec 393(1) Sec 195–196D → Sec 393(2) Special rates → Sec 393(3) TCS 206C → Sec 394

IT Act 2025	IT Act 1961	Nature of Payment	Rate	Threshold
Sec 192	Sec 392	Salary	Slab rates	As per regime opted
Sec 193	Sec 393(1) Sl.5(i)	Interest on securities	10%	₹10,000
Sec 194A	Sec 393(1) Sl.5(ii)(b)	Interest — bank (non-senior citizen)	10%	₹50,000
Sec 194A	Sec 393(1) Sl.5(ii)(a)	Interest — bank (senior citizen)	10%	₹1,00,000
Sec 194C	Sec 393(1) Sl.6(i)(a)	Contractor — Individual / HUF	1%	₹30,000 per / ₹1L aggregate
Sec 194C	Sec 393(1) Sl.6(i)(b)	Contractor — Company / Firm	2%	₹30,000 per / ₹1L aggregate
Sec 194D	Sec 393(1) Sl.1(i)	Insurance commission	2%	₹20,000
Sec 194H	Sec 393(1) Sl.1(ii)	Commission / brokerage	2%	₹20,000
Sec 194-I(a)	Sec 393(1) Sl.2(ii)(D)(a)	Rent — machinery / plant	2%	₹50,000/month
Sec 194-I(b)	Sec 393(1) Sl.2(ii)(D)(b)	Rent — land / building	10%	₹50,000/month
Sec 194-IB	Sec 393(1) Sl.2(i)	Rent paid by Individual/HUF	2%	₹50,000/month
Sec 194-IA	Sec 393(1) Sl.3(i)	Purchase of immovable property	1%	₹50,00,000
Sec 194J(a)	Sec 393(1) Sl.6(iii)(a)	Technical services / royalty	2%	₹50,000
Sec 194J(b)	Sec 393(1) Sl.6(iii)(b)	Professional services / director fees	10%	₹50,000
Sec 194Q	Sec 393(1) Sl.8(ii)	Purchase of goods	0.1%	₹50,00,000
Sec 194S	Sec 393(1) Sl.8(vi)	VDA / Crypto transfer	1%	Nil
Sec 194T	Sec 393(3) Sl.7	Payment to partners of firm	10%	₹20,000
Sec 195	Sec 393(2) Sl.17	Payment to non-resident (other)	Rates in force	—

Higher TDS — Sec 206AA / Sec 206AB (IT Act 1961) → Sec 396 / Sec 397 (IT Act 2025)No PAN: TDS at 20% or prescribed rate (whichever is higher). Non-filer (ITR not filed for 2 yrs and TDS > ₹50,000): Higher rate applies u/s 206AB / Sec 397 (2025).

📎 Official Sources

CBDT TDS Guide ↗ TRACES Portal ↗ TrustFactON TDS Master (All 91 codes) →

Income Tax

ITR Forms — Which Form to Use?

Filing the wrong ITR form makes the return defective. Under IT Act 2025, the same forms continue but references move from Sec 139 to Sec 263.

IT Act 1961 → IT Act 2025 — ITR Filing Section Mapping

Sec 139(1) (Regular ITR) → Sec 263(1) Sec 139(4) (Belated return) → Sec 263(4) Sec 139(5) (Revised return) → Sec 263(5) Sec 139(8A) (Updated return) → Sec 263(8) Sec 234F (Late fee) → Sec 276 Effective: 1 April 2026

ITR Form	Who Should File	Income Sources Covered
ITR-1 (Sahaj)	Resident individual; income ≤ ₹50 lakh	Salary, 1 house property, other sources (interest), agriculture ≤ ₹5,000
ITR-2	Individual/HUF — no business income	All + capital gains, foreign income, more than 1 house property
ITR-3	Individual/HUF — with business/profession income	All ITR-2 sources + business/profession
ITR-4 (Sugam)	Individual/HUF/Firm — presumptive taxation	44AD business / 44ADA profession / 44AE transport — income ≤ ₹50 lakh
ITR-5	Firms, LLPs, AOPs, BOIs, co-ops	All income (not for companies or individuals)
ITR-6	Companies (except Sec 11 exemption)	All company income
ITR-7	Trusts, political parties, research associations	Entities u/s 139(4A/4B/4C/4D) — Sec 263(4A–4D) in IT Act 2025

ITR Filing Due Dates

Taxpayer	Due Date	IT Act 2025	IT Act 1961
Individual / HUF (no audit)	31 July	Sec 139(1)	Sec 263(1)
Audit cases	31 October	Sec 139(1)	Sec 263(1)
Transfer pricing	30 November	Sec 139(1)	Sec 263(1)
Belated return	31 December of AY	Sec 139(4)	Sec 263(4)
Revised return	31 December of AY	Sec 139(5)	Sec 263(5)
Updated return	Within 24 months from end of AY	Sec 139(8A)	Sec 263(8)

Late Filing Fee — Sec 234F (IT Act 1961) / Sec 276 (IT Act 2025)After due date: ₹5,000 late fee. If total income ≤ ₹5 lakh: ₹1,000 only. Plus interest u/s 234A (Sec 273 in IT Act 2025) at 1% per month on unpaid tax.

📎 Official Sources

e-Filing Portal — File ITR ↗ ITR Forms Download ↗

Income Tax

Advance Tax

Pay tax in instalments during the financial year when total tax liability exceeds ₹10,000 after TDS. Identical under both Acts — only section numbers change.

IT Act 1961 → IT Act 2025 — Advance Tax Section Mapping

Sec 207 (Liability) → Sec 249 Sec 208 (Conditions) → Sec 250 Sec 211 (Instalments) → Sec 253 Sec 234B (Default) → Sec 274 Sec 234C (Deferment) → Sec 275 Effective: 1 April 2026

Instalment Schedule Sec 211 / 1961→Sec 253 / 2025

Instalment	Due Date	% of Total Tax (Normal)	% of Total Tax (Presumptive 44AD/ADA)
1st	15 June	15%	—
2nd	15 September	45% (cumulative)	—
3rd	15 December	75% (cumulative)	—
Final	15 March	100%	100% by 15 March

Sec 234B / Sec 274 (2025) — Default

If advance tax paid < 90% of assessed tax — interest at 1% per month from 1 April of AY till actual payment date.

Sec 234C / Sec 275 (2025) — Deferment

If each instalment is short — interest at 1% per month for 3 months (1 month for last instalment) on the shortfall.

Safe harbourIf advance tax paid ≥ 90% of total tax — no interest u/s 234B / Sec 274. Salaried employees: if employer deducts TDS on full salary, advance tax obligation is usually covered automatically.

📎 Official Sources

Pay Advance Tax — e-Filing ↗ NSDL TIN (Challan 280) ↗

Income Tax

Compliance Calendar — Key Due Dates

Key due dates for income tax compliance. From FY 2026-27, section references shift to IT Act 2025. Always verify on the official e-filing portal as dates may be extended by CBDT notification.

Date	Compliance	Who	IT Act 2025	IT Act 1961
15 June	1st Advance Tax Instalment (15%)	All advance tax payers	Sec 211	Sec 253
31 July	ITR Filing — non-audit cases	Individuals, HUF, AOP, BOI	Sec 139(1)	Sec 263(1)
15 September	2nd Advance Tax Instalment (45% cumulative)	All	Sec 211	Sec 253
30 September	Tax Audit Report (Form 3CA/3CB + 3CD)	Audit cases	Sec 44AB	Sec 44AB
31 October	ITR Filing — Audit cases	Businesses, firms, companies	Sec 139(1)	Sec 263(1)
30 November	ITR Filing — Transfer pricing	International transaction entities	Sec 139(1)	Sec 263(1)
15 December	3rd Advance Tax Instalment (75% cumulative)	All	Sec 211	Sec 253
31 December	Belated / Revised ITR	Missed July 31 deadline	Sec 139(4)/(5)	Sec 263(4)/(5)
15 March	Final Advance Tax Instalment (100%)	All	Sec 211	Sec 253
31 March	Updated return (previous 2 AYs)	All eligible taxpayers	Sec 139(8A)	Sec 263(8)

TDS Deposit & Return Due Dates Sec 200 / 1961→Sec 394A / 2025

Deductor	Deposit Due Date	Quarterly Return
Government offices	Same day as deduction	Q1: 31 Jul · Q2: 31 Oct · Q3: 31 Jan · Q4: 31 May
Others (non-government)	7th of following month; March TDS → 30 April	Same as above

⚠ Consequences of TDS DefaultLate deposit: Interest at 1.5%/month — Sec 201A / Sec 395A (2025). Late return: ₹200/day — Sec 234E / Sec 277A (2025). Failure to deduct: 30% of related expense disallowed — Sec 40(a)(ia) / Sec 40(a)(ia) (2025).

📎 Official Sources

CBDT Tax Calendar ↗ e-Filing Portal ↗ TRACES ↗

Official Sources

Government Portals

All TrustFactON content is sourced from these official portals. Visit for complete statutory text, latest circulars and notifications.

🏛️

incometaxindia.gov.in

Tax rates, circulars, IT Act 1961 & 2025 text, FAQs, forms ↗

💻

eportal.incometax.gov.in

File ITR, pay tax, Form 26AS, AIS, TIS, AIS reports ↗

✂️

TRACES Portal

TDS reconciliation, Form 16/16A download, TDS returns ↗

💳

NSDL TIN Portal

Challan 280 tax payment, TAN, PAN services ↗

About TrustFactONPlain-language summaries for educational purposes only. For binding text and latest notifications, always refer to official portals above. Not a substitute for professional advice. Built by Evenset Consultancy Services, Bengaluru.

Income Tax Act 1961 / 2025

What would you like to know?

Tax Slabs & Rates

Salary Income

House Property

Business & Profession

Capital Gains

Deductions (Old Regime)

TDS Key Rates

ITR Forms

Advance Tax

Compliance Calendar

Official Links

Tax Slabs & Rates

IT Act 1961 → IT Act 2025 — Section Mapping

New Tax Regime — Default Sec 115BAC / IT Act 1961→Sec 202 / IT Act 2025

Old Tax Regime — Optional First Schedule / IT Act 1961→First Schedule / IT Act 2025

Surcharge & Cess

Corporate Tax Rates

📎 Official Sources

Salary Income

IT Act 1961 → IT Act 2025 — Salary Section Mapping

Standard Deduction Sec 16(ia) / 1961→Sec 20(a) / 2025

HRA Exemption Sec 10(13A) / 1961→Sec 16(3) / 2025

Leave Travel Allowance (LTA) Sec 10(5) / 1961→Sec 16(8) / 2025

Key Perquisites Sec 17(2) / 1961→Sec 17(2) / 2025

📎 Official Sources

House Property Income

IT Act 1961 → IT Act 2025 — House Property Section Mapping

🏠 Self-Occupied Property (SOP) Sec 23(2) / 1961→Sec 23(2) / 2025

🏢 Let-Out Property Sec 23(1) / 1961→Sec 23(1) / 2025

Set-Off and Carry Forward of Loss Sec 71 / 1961→Sec 96 / 2025

📎 Official Sources

Business & Profession Income

IT Act 1961 → IT Act 2025 — Business Section Mapping

Presumptive Taxation Schemes

Tax Audit Applicability Sec 44AB / 1961→Sec 44AB / 2025

Key Expense — Cash Payment Restriction Sec 40A(3) / 1961→Sec 40A(3) / 2025

📎 Official Sources

Capital Gains

IT Act 1961 → IT Act 2025 — Capital Gains Section Mapping

Holding Period & Tax Rates

Capital Gains Exemptions — Invest to Save Tax

📎 Official Sources

Deductions — Chapter VI-A (80C to 80U)

IT Act 1961 → IT Act 2025 — Deduction Section Mapping

📎 Official Sources

TDS — Key Rates (Tax Year 2026-27)

IT Act 1961 → IT Act 2025 — TDS Section Renumbering

📎 Official Sources

ITR Forms — Which Form to Use?

IT Act 1961 → IT Act 2025 — ITR Filing Section Mapping

ITR Filing Due Dates

📎 Official Sources

Advance Tax

IT Act 1961 → IT Act 2025 — Advance Tax Section Mapping

Instalment Schedule Sec 211 / 1961→Sec 253 / 2025

Sec 234B / Sec 274 (2025) — Default

Sec 234C / Sec 275 (2025) — Deferment

📎 Official Sources

Compliance Calendar — Key Due Dates

TDS Deposit & Return Due Dates Sec 200 / 1961→Sec 394A / 2025

📎 Official Sources

Government Portals

incometaxindia.gov.in

eportal.incometax.gov.in

TRACES Portal

NSDL TIN Portal

IT Act 2025 Updates & Alerts