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Tax guides

Plain-language answers on filing your ITR — forms, deductions, the two regimes, AIS, refunds and notices. Every guide is checked against the Income-tax Act and official CBDT sources before it is published.

More guides — page 3 of 5

  • Holding period rules for each asset

    A gain is long-term if you held the asset past a minimum period: 12 months for listed shares and equity funds, 24 months for most other assets from 23 July 2024. A few assets are always short-term. Here are the rules.

    4 min readUpdated 26-Oct-2026

  • How long does ITR processing take?

    Processing starts only after you e-verify, and the Income Tax Department sets the pace. Here is what happens between filing and the intimation, what slows it down, and how to speed it up.

    3 min readUpdated 26-Oct-2026

  • How to download and read your AIS

    Your AIS is the Income Tax Department's record of income and transactions against your PAN. Learn how to get it, which format to choose, how the two parts and seven sections are laid out, and how to read the columns.

    4 min readUpdated 26-Oct-2026

  • How to file ITR for consultants and freelancers

    A consultant can file ITR-4 under the presumptive scheme (50% of receipts as income) if receipts are within the limit, or ITR-3 with books. Learn the limits, due dates, what to keep and how to pick.

    4 min readUpdated 26-Oct-2026

  • How to file ITR with multiple Form 16s

    If you changed jobs or had two employers in the same year, you get a Form 16 from each. Add the salaries, claim the standard deduction once, take TDS from every Form 16, and check that your tax is not under-paid.

    5 min readUpdated 26-Oct-2026

  • How to give feedback on wrong AIS entries

    If your AIS shows income that is wrong, duplicate or not yours, you can give feedback on the entry. Learn the feedback options, how the source responds, how the value changes in TIS, and what to do while you wait.

    4 min readUpdated 26-Oct-2026

  • How to register on the income tax e-filing portal

    To file online you need an account on the Income Tax e-filing portal, tied to your PAN. Learn what you need before you register, how to check whether you are already registered, and what to do if you forgot your password.

    4 min readUpdated 26-Oct-2026

  • How to report capital gains in your ITR

    Capital gains go into a separate schedule of the return, sale by sale. Learn which form to use, what details each sale needs, how the AIS helps, and how to claim exemptions and loss set-off without a mismatch.

    4 min readUpdated 26-Oct-2026

  • How to switch between the old and new regime

    A salaried person chooses a regime in the return, so you can compare both each year. A belated return cannot use the old regime in TaxCare's rules. Here is how the choice works and how to compare before you decide.

    4 min readUpdated 26-Oct-2026

  • Income from house property explained

    Rent from a house is taxed under income from house property. Subtract municipal taxes, take a 30% standard deduction and deduct home loan interest. A self-occupied house has nil annual value. Here is how each case works, with an example.

    3 min readUpdated 26-Oct-2026

  • New section numbers: old to new mapping

    The Income-tax Act, 2025 renumbers the sections and forms you knew. See how TDS and TCS sections map from the 1961 Act to the 2025 Act, which codes were omitted, and how forms like Form 16 and Form 26AS are renamed.

    4 min readUpdated 26-Oct-2026

  • Income-tax Act, 2025: what changed for individuals

    The Income-tax Act, 2025 replaces the 1961 Act from the tax year 2026-27. For most individuals the slabs and deductions you know carry over; what changes is the vocabulary, section numbers, form numbers and the statements you read. Here is a clear list.

    6 min readUpdated 26-Oct-2026

  • Income tax calendar for the tax year 2026-27

    One calendar of the dates that matter for the tax year 2026-27: advance tax instalments, when filing opens, the due dates, the belated and revised return deadlines and the updated-return window. Dates are provisional and can be changed by the CBDT.

    3 min readUpdated 26-Oct-2026

  • Is your tax liability changing under the new Act?

    The Income-tax Act, 2025 applies from 1 April 2026, so the tax year 2026-27 is the first one under it. What changes for you today is mostly names, numbers and forms. Whether your rates change depends on the Finance Act 2026, which is why TaxCare labels its 2026-27 figures provisional.

    4 min readUpdated 26-Oct-2026

  • Income tax refund delayed: reasons and fixes

    A delayed refund usually has a simple cause: the return was not verified, it is still being processed, the numbers do not match, or the bank account is wrong. Work through this checklist, from the quick checks to what to do when nothing changes.

    5 min readUpdated 26-Oct-2026

  • Income tax slabs under the old regime

    The old regime has four slabs: nil, 5%, 20% and 30%, with a higher exemption for senior citizens. Learn the slab table by age, the rebate, surcharge, cess, and worked examples that show how slab tax is calculated.

    3 min readUpdated 26-Oct-2026

  • Interest on income tax refund: section 244A

    If the department refunds tax you overpaid, it adds interest at 0.5% per month under section 244A, unless the refund is small. Learn how the interest is counted, when none is paid, a worked example and whether it is taxable.

    3 min readUpdated 26-Oct-2026

  • Is ITR filing compulsory below the taxable limit?

    Having no tax to pay is not the same as having no duty to file. The test for filing uses your income before deductions, not your tax. Here is how the filing limit, the rebate and the TDS condition fit together, and when filing is still worth it.

    4 min readUpdated 26-Oct-2026

  • Is the new tax regime better for you? Break-even

    The old regime only wins if your deductions are large. Break-even is the amount of deductions at which both regimes cost the same. See the break-even for salaries from ₹9 lakh to ₹25 lakh, computed with TaxCare's own tax engine.

    4 min readUpdated 26-Oct-2026

  • ITR-1 vs ITR-2: key differences

    ITR-1 is for simple salary, one house and interest income. ITR-2 is for individuals with no business income who have capital gains, more than one house, foreign assets or higher income. Compare them side by side.

    3 min readUpdated 26-Oct-2026

  • ITR-2: who should file it

    ITR-2 is for individuals and HUFs with no business income who cannot use ITR-1, for example because of capital gains, more than one house, high income, foreign assets or a loss to carry forward.

    4 min readUpdated 26-Oct-2026

  • ITR-3: for business and professional income

    ITR-3 is the form for individuals and HUFs who have business or professional income and keep books of account, or who have trading or F&O income. Learn who files it, what it contains and how it differs from ITR-4.

    3 min readUpdated 26-Oct-2026

  • ITR-3 vs ITR-4: which one applies to you

    ITR-4 (Sugam) is the simpler form for business or professional income taxed on a presumptive basis. ITR-3 is for business income computed from books, or when other conditions rule ITR-4 out. See how to tell them apart.

    4 min readUpdated 26-Oct-2026

  • ITR-4 (Sugam): presumptive income explained

    ITR-4 lets small businesses and professionals declare income at a fixed percentage of turnover instead of keeping full books. Learn who can use it, the rates under sections 44AD, 44ADA and 44AE, the limits and the traps.

    5 min readUpdated 26-Oct-2026

How we write and review our guides

  • Written from the law

    Each guide is written in plain language from the Income-tax Act itself.

  • Checked before it goes live

    The TaxCare editorial team checks every guide against the Income-tax Act and official CBDT sources before it is published.

  • Clearly dated

    Every guide shows the date it was last updated, so you can see how current it is.

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