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
Income Tax
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
Form 134 & 135 (TAN Application): Guide to Tax Deduction and Collection Account Number (2026)
If you are dealing with TDS (Tax Deducted at Source) or TCS (Tax Collected at Source), one term you will definitely come across is TAN. To get this TAN, the government has introduced Form 134 and Form 135 under the new Income-tax Rules, 2026. Many beginners get confused about which form to use, who should apply, and what documents are needed. What is TAN and why is it … [Read more...] about Form 134 & 135 (TAN Application): Guide to Tax Deduction and Collection Account Number (2026)
Form 66 Explained: CA Certified Book Profit Report for MAT (India)
If you run a company in India, you may have heard about Form 66 but not fully understood why it matters. This form is directly linked to Minimum Alternate Tax (MAT), which ensures that profitable companies still pay a minimum level of tax. In simple terms, Form 66 is not just another compliance—it is a certified confirmation of your company’s book profit and MAT calculation. … [Read more...] about Form 66 Explained: CA Certified Book Profit Report for MAT (India)