Learn all about Tax
How to Pay Advance Tax Online Using e-Pay Tax facility (Challan 280)?
May 27, 2026 | 8 mins read
In India, direct taxes are broadly divided into Tax Deducted at Source (TDS), advance tax, and self-assessment tax. While TDS is deducted at the time of payment, taxpayers are required to pay advance tax and self-assessment tax themselves. Thanks to the e-filing system of the Income Tax Department, you can now complete the entire process online using the e-Pay Tax facility.
What is angel tax, and why was it eventually abolished?
May 27, 2026 | 6 mins read
Angel tax was introduced in 2012 under Section 56(2)(vii)(b) of the Income Tax Act, 1961. It taxed unlisted companies when they issued shares at a price higher than their Fair Market Value (FMV). The excess amount was treated as “Income from other sources” in the hands of the company.
What is a Taxpayer Identification Number? Is it still relevant today?
May 27, 2026 | 4 mins read
TIN was a unique 11-digit registration number issued to businesses and dealers registered under the Value Added Tax (VAT) system in India. It was allotted by the Commercial Tax Department of respective state governments. TIN helped tax authorities track transactions involving the sale and purchase of goods and ensure accurate tax collection, reporting and compliance. However, with the introduction of the Goods and Services Tax (GST) in 2017, TIN was largely replaced by GSTIN for indirect tax purposes.
Non-tax revenue: Meaning, types and components
May 27, 2026 | 6 mins read
Tax revenue includes collections from direct and indirect taxes, such as income tax, the Goods and Services Tax (GST), customs duties, and other taxes. Non-tax revenue, on the other hand, refers to income earned by the government from sources other than taxes. This includes profits from public sector enterprises, interest receipts, fees, fines, etc.
Tax Haven Meaning and How Do Tax Havens Work
May 27, 2026 | 6 mins read
Tax havens enable individuals and businesses to minimise their tax liabilities, provided they operate within the boundaries of applicable tax laws and disclosure requirements. While they may offer financial flexibility and benefits, their role in the economic development of a country remains debated. Understanding the tax haven meaning helps clarify a complex and misunderstood concept.
Income Tax Rules on Buyback of Shares for Retail Investors
May 26, 2026 | 8 mins read
Indian tax laws are dynamic, and staying updated is essential not only to remain compliant but also to maximise investment returns. In recent years, there have been significant changes in the income tax on buyback of shares, directly affecting the tax liability of retail investors. This article explains the latest income tax rules on buybacks and what they mean for shareholders.
What Is Corporate Tax?
May 25, 2026 | 36 mins read
Corporate tax is a direct tax charged on the profits of companies registered in India or earning income from India. Once a company calculates its profit after allowable expenses and deductions, it applies the applicable corporate tax rate to arrive at its income‑tax liability.
How ESOPs and RSUs are taxed in India: Latest capital gains tax rates and startup ESOP tax rules
May 12, 2026 | 20 mins read
ESOPs (Employee Stock Option Plans) and RSUs (Restricted Stock Units) are popular components of employee compensation, especially in startups, listed companies, and MNCs. However, their taxation often confuses employees because tax is triggered at two different stages.
What is UTGST and Why Is It Charged?
May 12, 2026 | 5 mins read
Short for Union Territory Goods and Services Tax, UTGST refers to the GST levied on intra-union territory supplies of goods and services. It functions in a similar manner to State GST (SGST), with one key difference – SGST is applicable only in states and union territories with legislatures, while UTGST applies to union territories without legislatures. UTGST was introduced to ensure the uniform applicability of GST across regions in India.
Surcharge on Tax: Is It a Separate Tax or an Extra Tax?
May 12, 2026 | 6 mins read
When you go out to eat at a restaurant, your bill often shows GST split into CGST and SGST. Sometimes, you may also notice a service charge. While GST is mandatory, the service charge is optional, though many people are unaware of this distinction. Similarly, when it comes to income tax, your total tax outgo is not just limited to basic income tax. It may also include other levies such as a surcharge.
Inheritance tax in India, history, abolition and how its linked to capital gains?
May 12, 2026 | 16 mins read
Inheritance tax is a levy on wealth transferred after death either on the estate or on the individual heirs who receive assets. These could be property, money, gold, shares and mutual funds. Many countries use such taxes to curb concentration of wealth and raise revenue, but India currently does not levy any tax merely on receiving an inheritance. Historically, India followed an estate duty system, where tax was charged on the total value of an estate beyond a threshold, e.g. higher-value estates were charged with higher tax rates. This system decided how inherited wealth was taxed for many years. But it was later repealed, and today India doesn’t tax assets and money inherited by individuals itself.
How to Avoid TDS on Dividend Income in FY 2025-26
May 12, 2026 | 4 mins read
Tax Deducted at Source (TDS) refers to the tax that is deducted by the payer at the time an income is credited or paid to the recipient. Certain types of income, such as interest and dividends, are subject to TDS under the Income Tax Act. Over the years, the taxation of dividend income has undergone significant changes, including the application of TDS. This blog explains the current rules for TDS deduction on dividend income and how eligible taxpayers can legally avoid TDS.
Why Form 15G and Form 15H Are Important for Taxpayers
May 12, 2026 | 7 mins read
Forms are an integral part of the financial world, including taxation. While the Income Tax Act, 2025 is expected to streamline and reduce the number of tax-related forms, two declarations continue to remain important for investors – Form 15G and Form 15H.
How Form 26AS Helps You Claim Tax Credits in ITR
May 12, 2026 | 4 mins read
Keeping all your tax-related documents handy while filing your Income Tax Return (ITR) makes the process smoother and reduces the risks of errors or notices. One such crucial document is Form 26AS, often referred to as the Form 26AS income tax statement. Issued by the Income Tax (IT) Department of India, it serves as a record of annual tax credits for taxpayers. This article explains what Form 26AS is, what information it contains, why it is important for claiming tax credits, and how to download it.
Understanding the taxation rules of Market-Linked Debentures (MLDs)
May 11, 2026 | 3 mins read
In contrast to traditional fixed-income securities, market-linked investments offer the potential for higher returns. However, higher return potential may also mean higher taxes. Understanding the tax implications of the investment you choose is essential for optimising post-tax returns.