Latest articles on ITR filing trends, tax updates, and financial analysis to keep you informed. Guides on which ITR to file (salaried, freelancers, NRI), weekly processing stats, when you'll get your refund, income thresholds (top 1%/5%/10%), and tax calculators.
Freelancers and small business owners now get August 31. Revised return extended to March 31. Full breakdown of what changed, what didn't, and which deadline applies to you.
Feb 14 set a new all-time record — 6.97 lakh returns processed in a single day! Backlog now at 28.7 lakh, down from 37.8L last week.
ITR filing deadlines, advance tax dates, TDS returns, Form 16, tax audit — all important dates in one place. Never miss a deadline.
We analyzed real-time data from the Income Tax portal to give you a clear picture of current processing times and what affects your refund timeline.
For the first time ever, ITR-1 filings are down 2.5% YoY. Meanwhile ITR-2 surged 127% in 4 years. We analyzed 5 years of IT portal data to explain the biggest shift in Indian tax filing.
Two very different answers depending on which India you compare to. Rs 22L (all Indians) or Rs 50L+ (ITR filers). Full threshold table with state-wise data.
Complete CBDT income rarity table: exactly how many of India's 8.57 crore taxpayers earn more than you. From ₹3 lakh to ₹1 crore, with rarity labels and percentile ranks.
No official net worth table exists. Research-based estimates: top 1% individual ~Rs 1.5 Cr, household Rs 2.5-3 Cr. Every number cited - WID, AIDIS - plus a quick lookup.
₹10 lakh puts you in the top 16.3% of India's 8.57 crore taxpayers — and in the top 2–3% of all Indian workers. Full data: in-hand salary, city purchasing power, zero tax in FY 2025-26.
₹1 lakh/month puts you in the top 1–1.5% of all Indian workers and top 11% of taxpayers. Zero income tax in FY 2025-26. Full data with in-hand salary, city budgets, and savings potential.
What salary puts you in India's top 1%, 5%, or 10%? We break down CBDT data, state-wise thresholds, and why the "top 1% illusion" feels so real in Mumbai.
Maharashtra leads with 1.12 crore filings (15.1%), followed by UP and Gujarat. Telangana grew 141% YoY. Complete state-wise breakdown of 7.4 crore ITR filings.
ITR-1 leads at 42%, but ITR-2 is growing fastest at 27% YoY. We analyzed 7.78 crore filings to show which forms Indians actually use.
Only 1.13% of taxpayers earn above Rs 50 lakh. Only 10,184 people earn above Rs 10 crore. We analyzed 8.57 crore ITR filings to reveal the real picture.
Same ITR form for both regimes. Form = income type; regime = choice inside the return. Form 10-IEA only for business. Quick myth-buster and scenario cards for FY 2025-26.
Only Indian income taxed. ITR-2 or ITR-3. Residency rules, TDS rates, no 87A, DTAA. Quick form checker and data on NRI filings for FY 2025-26.
Freelancers and self-employed usually file ITR-3 or ITR-4 (Sugam). Find out which in 30 seconds. Presumptive vs books, with data from 7.78 Cr returns for FY 2025-26.
Most salaried employees file ITR-1 or ITR-2. Find out which one in 30 seconds with data from 8.5 Cr returns, a quick check, and simple scenarios for FY 2025-26.
Each SIP installment is taxed separately. An 18-month SIP doesn't mean all gains are long-term. Learn how FIFO works and how to minimize tax.
Section 80C, 80D, 80G, NPS, ELSS vs PPF — all deductions explained with limits, eligibility, and recommendations by age group.
Understand refund processing rates, filing patterns by ITR form type, income distribution across brackets, and state-wise filing data.
Budget 2026 fundamentally changed SGB taxation. Secondary market buyers lose tax exemption entirely. Complete breakdown of old vs new rules.
4.53 crore SSY accounts are open. The appeal is real: 8.2% interest, fully tax-free at every stage. But if you're on the new regime, the 80C benefit everyone talks about no longer applies. Complete guide.
HUF is a separate taxpayer your family can legally create — with its own ₹4L exemption and tax slabs. Find out who qualifies, how much you can actually save, and when it's not worth the paperwork. Part 1 of 3.
A practical 4-step walkthrough to form a HUF: the deed, PAN application, bank account, and how to fund it properly — without triggering the Section 64(2) clubbing trap that catches most people. Part 2 of 3.
HUF tax slabs for FY 2025-26, why HUF doesn't get the ₹12L zero-tax benefit, which deductions work and which don't, and 5 common mistakes that wipe out savings. Part 3 of 5.
Which ITR form to use (not ITR-1), how to log in with HUF PAN, what income goes in HUF vs personal return, how the Karta verifies it, due dates, and advance tax rules. Part 4 of 5.
What HUF can invest in (ELSS, FDs, stocks, property) and what it can't (PPF, NPS), how LTCG and the ₹1.25L Section 112A exemption work, and how Section 54F lets you sell shares and buy a house — tax-free. Part 5 of 5.
Both pay ~7%. But one locks your money, the other doesn't. One taxes you every year, the other defers. Full breakdown with actual rupee numbers, Budget 2023 tax changes, and a use case matrix.
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