If you invest or trade in the stock market, you are already paying something called Securities Transaction Tax (STT), often without even noticing it. From April 1, 2026, some of these STT rates have been revised under the Finance Act, 2026. Now, you might be wondering — what exactly has changed, and will it affect your trading cost or profits? Let’s understand this … [Read more...] about STT Rates From April 2026: What Trader and Investor Should Know about Securities Transaction Tax
Credit Note & Debit Note in GST: A Beginner’s Practical Guide with Examples
In real business, prices don’t always stay fixed after a sale. Sometimes goods are returned, discounts are given later, or mistakes happen in billing. In GST, you cannot just adjust this informally—you must use Credit Notes and Debit Notes. These documents help correct invoices properly. Let’s understand this in a simple and practical way. What is a Credit Note in … [Read more...] about Credit Note & Debit Note in GST: A Beginner’s Practical Guide with Examples
IGST Levy and Collection Explained – Simple Guide for Beginners in India
When you deal with GST, one of the most important questions is: when does tax actually apply when goods or services move from one state to another in India? This is where IGST levy and collection comes in. IGST (Integrated GST) applies when goods or services move from one state to another within India. In this guide, we will break down how IGST is charged, who pays it, … [Read more...] about IGST Levy and Collection Explained – Simple Guide for Beginners in India
TDS on Salary: What Details and Proof Employees Must Submit (Simple Guide)
When your employer deducts tax (TDS) from your salary, it is not done randomly. There is a proper system behind it. Rule 204 and Rule 205 of the Income Tax Rules, 1962 help ensure that the correct amount of tax is deducted from your salary. These rules mainly deal with two things: Let’s understand both rules in a practical way so that you can know exactly what to do as … [Read more...] about TDS on Salary: What Details and Proof Employees Must Submit (Simple Guide)
Form 121 Replaces Form 15G & 15H: How to Avoid TDS on Interest and Other Income (New Rules 2026)
If you have ever submitted Form 15G or Form 15H to your bank to stop TDS (Tax Deducted at Source) on income such as savings account or fixed deposit interest, there is an important change. Under the new Income-tax Act, 2025, the government has introduced Form 121, which replaces both Form 15G and Form 15H. New Form 121 is for people whose total income is below the taxable … [Read more...] about Form 121 Replaces Form 15G & 15H: How to Avoid TDS on Interest and Other Income (New Rules 2026)
Changed Jobs or Have Multiple Incomes? Submit Form 122 to employer for Salary TDS
If you changed your job during the year or earn money from more than one source, you need to inform your employer properly for the correct tax deduction. Under the new Income Tax Act, 2025, this is done using Form 122. It helps your employer understand your total income—including salary from your previous job—so they can deduct the right amount of tax (TDS). If you don’t … [Read more...] about Changed Jobs or Have Multiple Incomes? Submit Form 122 to employer for Salary TDS