The 49Tax Blog
Indian Income Tax, Explained in Plain English
120+ practical guides on ITR filing, old vs new regime, deductions, capital gains, TDS, and tax planning — written for salaried professionals and investors in India.
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Latest Articles
25 August 2026
Tax Benefits on Children's Education in India: Tuition Fees, Allowances and Exemptions (AY 2026-27)
Claim tuition fees under 80C, children education allowance, hostel allowance, scholarship exemption and TCS relief on overseas fees for AY 2026-27.
Read article →24 August 2026
Tax on Sale of Agricultural Land in India: Rural vs Urban, Section 54B and Exemptions (AY 2026-27)
Is selling agricultural land taxable in India? Understand the rural vs urban test, Section 54B exemption, Section 10(37) and ITR reporting for AY 2026-27.
Read article →23 August 2026
Outstanding Tax Demand: How to Check, Respond and Get It Cancelled (AY 2026-27)
Refund adjusted against an old tax demand? How to check outstanding demand, respond on the e-filing portal and get a wrong demand cancelled.
Read article →21 August 2026
Working Remotely from India for a Foreign Company: How Your Salary Is Taxed (AY 2026-27)
No Form 16, no TDS, foreign payroll. How Indian residents working remotely for overseas employers pay advance tax, file ITR-2 and avoid double tax.
Read article →20 August 2026
Section 80GGC: Political Party Donation Deduction, Rules and Why Notices Are Being Sent (AY 2026-27)
How Section 80GGC works, the limits and proof required, why the department is questioning these claims, and how to fix a wrong claim before it costs you.
Read article →19 August 2026
Is Stipend Taxable in India? Tax Rules for Interns, Trainees and Research Fellows (AY 2026-27)
Is your stipend exempt under Section 10(16) or taxable as salary? Rules, TDS refunds and ITR reporting for interns and fellows, AY 2026-27.
Read article →18 August 2026
Tax on Severance Pay, Notice Pay and Layoff Compensation in India (AY 2026-27)
Is severance pay taxable in India? How ex gratia, notice pay, gratuity and retrenchment compensation are taxed after a layoff, plus Section 89 relief.
Read article →17 August 2026
Condonation of Delay Under Section 119(2)(b): How to Claim an Old Refund After Every Deadline Has Passed (AY 2026-27)
ITR-U cannot claim a refund. Section 119(2)(b) can. Monetary limits, the 5-year window, portal steps and costs of a condonation request for AY 2026-27.
Read article →16 August 2026
Form 12BB and Form 12BAA: How to Cut Your Salary TDS Instead of Waiting for a Refund (FY 2025-26)
Form 12BB declares investments to your employer. Form 12BAA declares other TDS and TCS. Both reduce monthly salary TDS. Rules and examples for FY 2025-26.
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Essential Reads for Every Taxpayer
The fundamentals — how salary is taxed, which regime to pick, and where your money can be saved.
17 June 2026
How to Calculate Income Tax on Salary: Step-by-Step Guide with Examples (AY 2026-27)
Learn how to calculate your income tax on salary from scratch — gross salary to final tax payable — with worked examples under both regimes for AY 2026-27.
Read article →24 March 2026
Old Tax Regime vs New Tax Regime: Which Saves More in 2026?
A detailed comparison of India's old and new tax regimes for AY 2026-27. Includes tax slabs, deduction limits, and examples to help you pick the right one.
Read article →20 March 2026
How to Read Your Form 16: Every Section Explained
A plain-English breakdown of every part of Form 16 — Part A, Part B, salary details, deductions, and TDS. Know exactly what your employer reported.
Read article →25 March 2026
ITR-1 vs ITR-2: Which Form Should You File?
Confused between ITR-1 and ITR-2? This guide explains who should file which form, the key differences, and how to decide based on your income sources.
Read article →22 March 2026
Section 80C Deductions: Complete List & Guide for 2026
Everything you need to know about Section 80C tax deductions — eligible investments, limits, and how to claim them in your ITR for AY 2026-27.
Read article →21 March 2026
Capital Gains Tax on Stocks & Mutual Funds: ITR-2 Guide
How capital gains from stocks, mutual funds, and other assets are taxed in India. Covers STCG, LTCG, exemptions, and how to report them in ITR-2.
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